M&A Deal Summary

NextEnergy Capital Acquires Urban Grid - Briel Farm Solar & Gardy s Mill Solar

On April 25, 2019, asset manager NextEnergy Capital acquired renewable energy company Urban Grid - Briel Farm Solar & Gardy s Mill Solar from Urban Grid

Acquisition Highlights
  • This is NextEnergy Capital’s 1st transaction in the Renewable Energy sector.
  • This is NextEnergy Capital’s 1st transaction in the United States.
  • This is NextEnergy Capital’s 1st transaction in Virginia.

M&A Deal Summary
Date 2019-04-25
Target Urban Grid - Briel Farm Solar & Gardy s Mill Solar
Sector Renewable Energy
Buyer(s) NextEnergy Capital
Sellers(s) Urban Grid
Deal Type Divestiture

Target

Urban Grid - Briel Farm Solar & Gardy s Mill Solar

Virginia, United States
Urban Grid's Briel Farm Solar (28MWp/20MWac) & Gardy's Mill Solar (18MWp/14MWac) generates electricity equivalent to the consumption of 9,785 homes.

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Buyer(S) 1

Buyer

NextEnergy Capital

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 2007
PE ASSETS 3.9B USD
Size Large
Type Sector Focused
DESCRIPTION

NextEnergy Capital is an asset manager and direct investor in the solar renewable energy sector. The Firm will consider opportunities across Europe and generally seeks to invest in and build solar projects, plants, and related technology. NextEnergy was formed in 2003 and is headquartered in London.

DEAL STATS #
Overall 1 of 2
Sector (Renewable Energy) 1 of 2
Type (Divestiture) 1 of 1
State (Virginia) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-14 Guanaco II

Chile

Guanaco II covers 5 separate projects located in the Central and North regions of Chile. The combined generation capacity of these projects adds up to 45.3MWp, with the portfolio benefiting from 100% regulated revenues, with the energy sold covered by the stabilized price scheme PMGD regime.

Buy -

Seller(S) 1

SELLER

Urban Grid

Stevensville, Maryland, United States
Category Company
Founded 2010
Sector Renewable Energy
DESCRIPTION

Urban Grid is a developer of utility-scale solar power plants. Urban Grid offers the development of approximately 646 MWp of solar projects and currently has more than 5,600 MWp of solar projects under development. Urban Grid Solar was founded in 2010 and is based in Stevensville, Maryland.

DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Divestiture) 1 of 1
State (Virginia) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
Mergr

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