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Divestiture • Renewable Energy

PSEG Solar Source Acquires BayWa r.e. - Five Forks Solar

On March 14, 2019, PSEG Solar Source acquired renewable energy company BayWa r.e. - Five Forks Solar from BayWa r.e.

Acquisition Context
  • This is PSEG Solar Source’s 3rd transaction in the Renewable Energy sector.
  • This is PSEG Solar Source’s 3rd transaction in the United States.
  • This is PSEG Solar Source’s 2nd transaction in North Carolina.

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M&A Deal Summary
Date March 14, 2019
Target BayWa r.e. - Five Forks Solar
Sector Renewable Energy
Buyer(s) PSEG Solar Source
Sellers(s) BayWa r.e.
Deal Type Divestiture

Target Company

BayWa r.e. - Five Forks Solar

Warren County, North Carolina, United States
Five Forks Solar is a 25.9 MW-dc facility provider.
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Buyer Overview 1

Buyer

PSEG Solar Source

Newark, New Jersey, United States
Category Company
Founded 2008
Sector Renewable Energy
DESCRIPTION

PSEG Solar Source LLC is a merchant power generation company which is part of the Public Service Enterprise Group (PSEG) family of companies. PSEG (NYSE: PEG) is a publicly traded diversified energy company with annual revenues of $10.4 billion.

Deal Context for Buyer #
Overall 3 of 3
Sector: Renewable Energy 3 of 3
Type: Divestiture 3 of 3
State: North Carolina 2 of 2
Country: United States 3 of 3
Year: 2019 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-14 BayWa r.e. - North Halifax Solar

Halifax County, North Carolina, United States

North Halifax Solar is a 26.9 MW-dc facility.

Buy -

Seller Profile 1

SELLER

BayWa r.e.

San Diego, California, United States
Category Company
Founded 2001
Sector Renewable Energy
DESCRIPTION

BayWa r.e. is an operator of renewable energy services in US.

Deal Context for Seller #
Overall 3 of 3
Sector: Renewable Energy 3 of 3
Type: Divestiture 3 of 3
State: North Carolina 2 of 2
Country: United States 3 of 3
Year: 2019 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-14 BayWa r.e. - North Halifax Solar

Halifax County, North Carolina, United States

North Halifax Solar is a 26.9 MW-dc facility.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-29 National Solar Distributors

Edmonton, Alberta, Canada

National Solar Distributors, Inc. is a wholesaler of equipment for the residential and commercial grid-tie markets, as well as for industrial and small off-grid applications. National Solar Distributors, Inc. was founded in 2014 and is based in Edmonton, Alberta.

Buy -

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