M&A Deal Summary

Hanergy Thin Film Power Acquires Columbia Solar Energy 19 MW PV

On October 31, 2013, Hanergy Thin Film Power acquired energy services and equipment company Columbia Solar Energy 19 MW PV from LS Power Development

Acquisition Highlights
  • This is Hanergy Thin Film Power’s 1st transaction in the Energy Services and Equipment sector.
  • This is Hanergy Thin Film Power’s 2nd transaction in the United States.

M&A Deal Summary

Date 2013-10-31
Target Columbia Solar Energy 19 MW PV
Sector Energy Services and Equipment
Buyer(s) Hanergy Thin Film Power
Sellers(s) LS Power Development
Deal Type Add-on Acquisition

Target

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Buyer(S) 1

Buyer

Hanergy Thin Film Power

Hong Kong, China

Category Company
Founded 2009
Sector Renewable Energy
DESCRIPTION

Hanergy Thin Film Power offers field-proven integrated solutions for large-scale thin-film solar cell production systems. Hanergy Solar is one of the providers of equipment production and integrated solutions for world-class thin-film solar PV modules. Hanergy Solar is actively seeking investment opportunities in downstream solar projects and moving towards the global photovoltaic power generation market. Hanergy Thin Film Power was founded in 2009 and is based in Hong Kong, China.


DEAL STATS #
Overall 2 of 2
Sector: Energy Services and Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
Country: United States M&A 2 of 2
Year: 2013 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-18 MiaSole

Santa Clara, California, United States

MiaSolé is a pioneer and leading manufacturer of copper indium gallium selenide (CIGS) thin-film photovoltaic solar panels. Through a distinctive manufacturing process, MiaSolé has established CIGS as one of the lowest-cost, highest efficiency thin-film solar panels in the world – thus advancing the extraordinary potential for harnessing solar power as a competitive, sustainable energy source.

Buy -

Seller(S) 1

SELLER

LS Power Development

New York,, New York, United States

Category Company
Founded 1990
Sector Renewable Energy
DESCRIPTION

LS Power is an employee-owned, independent power company.We are a developer, owner, operator and investor in power generation and electric transmission infrastructure throughout the United States.We have developed, constructed, managed or acquired more than 32,000 MW of competitive power generation and 470 miles of transmission infrastructure.


DEAL STATS #
Overall 1 of 2
Sector: Energy Services and Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United States M&A 1 of 2
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-06 University Park Energy

Chicago, Illinois, United States

University Park Energy LLC is a simple-cycle plant provides electric generating capacity to the PJM Interconnection market during periods of peak demand.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-03 Calpine Six Southeast Power Plants

United States

Calpine Six Southeast Power Plants, comprises 3,498 MW of combined-cycle generation capacity in Oklahoma, Louisiana, Alabama, Florida and South Carolina.

Buy $1.6B