M&A Deal Summary

PSEG Solar Source Acquires BayWa r.e. - 6.6 MW Solar Project

On November 21, 2016, PSEG Solar Source acquired renewable energy company BayWa r.e. - 6.6 MW Solar Project from BayWa r.e.

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

M&A Deal Summary
Date 2016-11-21
Target BayWa r.e. - 6.6 MW Solar Project
Sector Renewable Energy
Buyer(s) PSEG Solar Source
Sellers(s) BayWa r.e.
Deal Type Divestiture

Target

BayWa r.e. - 6.6 MW Solar Project

San Diego, California, United States
BayWa r.e. - 6.6 MW Solar Project is a provider of renewable energy services in US.

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Buyer(S) 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 STATS #
Overall 1 of 3
Sector (Renewable Energy) 1 of 3
Type (Divestiture) 1 of 3
State (California) 1 of 1
Country (United States) 1 of 3
Year (2016) 1 of 1
FOLLOWING 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(S) 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 STATS #
Overall 1 of 3
Sector (Renewable Energy) 1 of 3
Type (Divestiture) 1 of 3
State (California) 1 of 1
Country (United States) 1 of 3
Year (2016) 1 of 1
FOLLOWING 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 -
Mergr

Product

Company

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