M&A Deal Summary

Matrix Renewables Acquires Stillhouse Solar Project

On June 28, 2023, Matrix Renewables acquired renewable energy company Stillhouse Solar Project from OCI Solar Power

Acquisition Highlights
  • This is Matrix Renewables’ 3rd transaction in the Renewable Energy sector.
  • This is Matrix Renewables’ 2nd transaction in the United States.
  • This is Matrix Renewables’ 1st transaction in Texas.

M&A Deal Summary

Date 2023-06-28
Target Stillhouse Solar Project
Sector Renewable Energy
Buyer(s) Matrix Renewables
Sellers(s) OCI Solar Power
Deal Type Divestiture

Target

Stillhouse Solar Project

Bell County, Texas, United States
Stillhouse Solar Project is a developer of utility-scale solar projects. Stillhouse Solar Project is based in Bell County, Texas.

Search 214,239 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Matrix Renewables

Madrid, Spain

Category Company
Founded 2020
Sector Renewable Energy
DESCRIPTION

Matrix Renewables is a renewable energy platform comprised of 2.1 GW of operational, under construction, or near ready-to-build solar PV projects and a further 2.7 GW pipeline of renewable energy projects under development, across the US, Europe, and Latin America. Matrix Renewables was founded in 2020 and is based in Madrid, Spain.


DEAL STATS #
Overall 3 of 3
Sector: Renewable Energy M&A 3 of 3
Type: Divestiture M&A Deals 3 of 3
State: Texas M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-07 Gaskell West

Kern County, California, United States

Gaskell West consists of 2 and 3 project of 105 MWac solar plus 80 MWh energy storage based in Kern County, California.

Buy -

Seller(S) 1

SELLER

OCI Solar Power

San Antonio, Texas, United States

Category Company
Founded 2009
Sector Renewable Energy
DESCRIPTION

OCI Solar Power LLC develops, owns and operates solar photovoltaic power plants throughout the U.S.


DEAL STATS #
Overall 2 of 2
Sector: Renewable Energy M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
State: Texas M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-22 OCI Solar Power - Project Ivory

Dawson County, Texas, United States

OCI Solar Power LLC - Project Ivory is located in Dawson County, Texas and was constructed in connection with a facility power purchase agreement between the City of San Antonio acting through its City Public Service Board ("CPS Energy") and OCI Solar Power.

Sell -