M&A Deal Summary

Lincoln Clean Energy Acquires Pattern Energy Group - 103 MW South Dakota Wind Project

On July 1, 2019, Lincoln Clean Energy acquired renewable energy company Pattern Energy Group - 103 MW South Dakota Wind Project from Pattern Energy Group

Acquisition Highlights
  • This is Lincoln Clean Energy’s 2nd transaction in the Renewable Energy sector.
  • This is Lincoln Clean Energy’s 2nd transaction in the United States.
  • This is Lincoln Clean Energy’s 2nd transaction in California.

M&A Deal Summary
Date 2019-07-01
Target Pattern Energy Group - 103 MW South Dakota Wind Project
Sector Renewable Energy
Buyer(s) Lincoln Clean Energy
Sellers(s) Pattern Energy Group
Deal Type Divestiture

Target

Pattern Energy Group - 103 MW South Dakota Wind Project

San Francisco, California, United States
Pattern Energy Group LP - 103 MW South Dakota Wind Project is a ready wind project in Butte County, South Dakota. The project is expected to come online in the fourth quarter of 2020.

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Buyer(S) 1

Buyer

Lincoln Clean Energy

Chicago, Illinois, United States
Category Company
Founded 2009
Sector Renewable Energy
DESCRIPTION

Lincoln Clean Energy LLC is a U.S.-based developer, owner and operator of wind farms. LCE has developed over 1.8 GW of renewable power projects in California, New Jersey and Texas. In 2017, LCE was the largest non-utility wind developer in the U.S

DEAL STATS #
Overall 2 of 2
Sector (Renewable Energy) 2 of 2
Type (Divestiture) 2 of 2
State (California) 2 of 2
Country (United States) 2 of 2
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-01 Coronal Energy - Development Business

Pasadena, California, United States

Coronal Energy - Development Business includes its development team of experienced solar and storage personnel, as well as a significant pipeline of solar and storage projects in the United States, including multiple projects that have been awarded long-term power purchase agreements (PPAs) with credit-worthy utility counterparties.

Buy -

Seller(S) 1

SELLER

Pattern Energy Group

San Francisco, California, United States
Category Company
Founded 2013
Sector Renewable Energy
DESCRIPTION

Pattern Energy Group LP owns and operates renewable energy facilities. Pattern Energy business is built around three core values of creative energy and spirit, the pride of ownership and follow-through, and a team-first attitude, which guide us in creating a safe, high-integrity work environment, applying rigorous analysis to all aspects of business, and proactively working with our stakeholders to address environmental and community concerns.

DEAL STATS #
Overall 3 of 3
Sector (Renewable Energy) 3 of 3
Type (Divestiture) 3 of 3
State (California) 1 of 1
Country (United States) 2 of 2
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-14 Mont Sainte-Marguerite Wind

Quebec, Canada

Mont Sainte-Marguerite Wind facility operates under a 25-year power purchase agreement (PPA) with Hydro-Québec Distribution. Mont Sainte-Marguerite Wind facility is expected to generate enough power for approximately 28,000 Québec homes annually, according to power use statistics from Hydro-Québec. The facility site, located on one of the higher elevations in Southern Québec, has one of the strongest wind resources in the region.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-11 Henvey Inlet Wind

Brit, Ontario, Canada

Henvey Inlet Wind is the cleanest and most reliable energy source developing 300 MW Henvey Inlet Wind project based in Brit, Ontario.

Buy -
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