M&A Deal Summary

PSEG Solar Source Acquires BayWa r.e. - North Halifax Solar

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

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 2019-03-14
Target BayWa r.e. - North Halifax Solar
Sector Renewable Energy
Buyer(s) PSEG Solar Source
Sellers(s) BayWa r.e.
Deal Type Divestiture

Target

BayWa r.e. - North Halifax Solar

Halifax County, North Carolina, United States
North Halifax Solar is a 26.9 MW-dc facility.

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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 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. - Five Forks Solar

Warren County, North Carolina, United States

Five Forks Solar is a 25.9 MW-dc facility provider.

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 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. - Five Forks Solar

Warren County, North Carolina, United States

Five Forks Solar is a 25.9 MW-dc facility provider.

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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