M&A Deal Summary

New Energy Solar Manager Pty Acquires SunPower - Two SunPower Power Plants

On December 11, 2016, New Energy Solar Manager Pty acquired renewable energy company SunPower - Two SunPower Power Plants from SunPower

Acquisition Highlights
  • This is New Energy Solar Manager Pty’s 1st transaction in the Renewable Energy sector.
  • This is New Energy Solar Manager Pty’s 1st transaction in the United States.
  • This is New Energy Solar Manager Pty’s 1st transaction in California.

M&A Deal Summary

Date 2016-12-11
Target SunPower - Two SunPower Power Plants
Sector Renewable Energy
Buyer(s) New Energy Solar Manager Pty
Sellers(s) SunPower
Deal Type Divestiture

Target

SunPower - Two SunPower Power Plants

San Jose, California, United States
SunPower Corp. - Two SunPower Power Plants totalling over 134 megawatts (MW), that SunPower developed, designed and constructed in Kern County, California.

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Buyer(S) 1

Buyer

New Energy Solar Manager Pty

North Sydney, Australia

Category Company
Sector Renewable Energy
DESCRIPTION

New Energy Solar Manager Pty Ltd. is a provider of renewable energy services. New Energy Solar's initial focus will continue to be on acquiring and maintaining a diversified portfolio of solar energy assets in the US, Australia and select Asian markets, namely investing in large-scale, solar farms with contracted cash flows that generate emissions-free power.


DEAL STATS #
Overall 1 of 1
Sector: Renewable Energy M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1

Seller(S) 1

SELLER

SunPower

Fremont, California, United States

Category Company
Sector Renewable Energy
Employees600
Revenue 109M USD (2024)
DESCRIPTION
SunPower's corporate headquarters in San Jose, California.
SunPower's corporate headquarters in San Jose, California.

SunPower is a vertically integrated solar products and services company that designs, manufactures and markets high-performance solar electric power technologies. SunPower is based in Fremont, California.


DEAL STATS #
Overall 1 of 5
Sector: Renewable Energy M&A 1 of 5
Type: Divestiture M&A Deals 1 of 4
State: California M&A 1 of 4
Country: United States M&A 1 of 5
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-27 Infigen Energy - 1.5 Gigawatt U.S. Solar Power Plant Pipeline

California, United States

Infigen Energy - 1.5 Gigawatt U.S. Solar Power Plant Pipeline is a provider of solar energy services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-10 SunPower - Three Solar Power Projects

San Jose, California, United States

SunPower Corp. - Three Solar Power Projects includes 20-MW Rio Bravo I, the 20-MW Rio Bravo II, and the 15-MW Wildwood Solar II solar power plants.

Sell -