M&A Deal Summary

Nova Clean Energy Acquires BNB Renewable Energy - HyFuels

On April 16, 2024, Nova Clean Energy acquired renewable energy company BNB Renewable Energy - HyFuels from BNB Renewable Energy

Acquisition Highlights
  • This is Nova Clean Energy’s 1st transaction in the Renewable Energy sector.
  • This is Nova Clean Energy’s 1st transaction in the United States.
  • This is Nova Clean Energy’s 1st transaction in Texas.

M&A Deal Summary
Date 2024-04-16
Target BNB Renewable Energy - HyFuels
Sector Renewable Energy
Buyer(s) Nova Clean Energy
Sellers(s) BNB Renewable Energy
Deal Type Divestiture

Target

BNB Renewable Energy - HyFuels

Texas, United States
BNB Renewable Energy's HyFuels is a more than 1 gigawatt portfolio of mid-to-late-stage wind and solar development projects as well as an earlier stage green ammonia project.

Search 201,157 Deals Now

SEARCH BY

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

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Nova Clean Energy

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

Nova Clean Energy is a U.S.-focused wind, solar and battery-storage developer with offices in Chicago and Austin. Nova Clean Energy is based in Chicago, Illinois.

DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1

Seller(S) 1

SELLER

BNB Renewable Energy

Austin, Texas, United States
Category Company
Founded 2005
Sector Renewable Energy
DESCRIPTION

BNB Renewable Energy has originated and developed more than 1 gigawatt of commercial- and utility-scale wind and solar power plants that are currently operating throughout the United States and in Mexico, with another 2 gigawatts of projects, including green hydrogen projects, under development or under construction. BNB Renewable Energy was founded in 2005 and is based in Austin, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Mergr

Product

Company

Legal