M&A Deal Summary

Origis Energy Acquires First Solar - GA Solar 4 Project

On October 24, 2018, Origis Energy acquired renewable energy company First Solar - GA Solar 4 Project from First Solar

Acquisition Highlights
  • This is Origis Energy’s 1st transaction in the Renewable Energy sector.
  • This is Origis Energy’s 1st transaction in the United States.
  • This is Origis Energy’s 1st transaction in Arizona.

M&A Deal Summary

Date 2018-10-24
Target First Solar - GA Solar 4 Project
Sector Renewable Energy
Buyer(s) Origis Energy
Sellers(s) First Solar
Deal Type Divestiture

Target

First Solar - GA Solar 4 Project

Tempe, Arizona, United States
First Solar, Inc. - GA Solar 4 Project is a 200MWAC photovoltaic solar generation asset, located in Twiggs County, Georgia, near Warner Robins, is expected to be the largest solar power plant in the southeastern United States.

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Buyer(S) 1

Buyer

Origis Energy

Miami, Florida, United States

Category Company
Founded 2008
Sector Renewable Energy
DESCRIPTION

Origis Energy is Powering the Solar Revolution with custom clean energy solutions for utility, commercial and public sector clients. The Origis team has worked to ensure the interests of all stakeholders are upheld in more than 100 projects worldwide totaling over 1 gigawatt to date of developed solar capacity. Origis Energy delivers excellence in solar and energy storage development, financing, engineering, procurement and construction (EPC) and operations, maintenance and asset management for investors and clean energy consumers across Europe and the Americas. Origis Energy was founded in 2008 and is Headquartered in Miami, Florida.


DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Divestiture) 1 of 1
State (Arizona) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1

Seller(S) 1

SELLER

First Solar

Tempe, Arizona, United States

Category Company
Founded 1999
Sector Renewable Energy
Employees6,700
Revenue 3.3B USD (2023)
DESCRIPTION
Entrance to First Solar's corporate headquarters in Tempe, Arizona.
Entrance to First Solar's corporate headquarters in Tempe, Arizona.

First Solar is a global provider of solar energy solutions, focused on providing power solutions across various market segments. The Company designs, manufactures and sells photovoltaic solar modules with an advanced thin-film semiconductor technology and the Company develops, designs, constructs and sells PV solar power solutions that primarily use the solar modules it manufactures. Additionally, First Solar provides operations and maintenance services to plant owners that use solar modules manufactured by the Company or by other third-party manufacturers. First Solar was incorporated in 1999 and is based in Tempe, Arizona.


DEAL STATS #
Overall 4 of 9
Sector (Renewable Energy) 4 of 8
Type (Divestiture) 3 of 8
State (Arizona) 1 of 4
Country (United States) 4 of 8
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-05 8point3 Energy Partners

San Jose, California, United States

8point3 Energy Partners is an owns, operator and acquire of solar energy generation projects. The Partnership owns interests in projects in the United States that generate long-term contracted cash flows and serve utility, commercial and residential customers. 8point3 Energy Partners was founded in 2015 and is based in San Jose, California.

Sell $1.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-02 First Solar - Four California Projects

Tempe, Arizona, United States

First Solar, Inc. - Four California Projects is a combined capacity of 160-megawatts (MW)AC. which ranges from 20MWAC to 50MWAC and is expected to be completed by the end of the fourth quarter of 2020, is designed to have a low impact on local land and water resources, and the environment.

Sell -