M&A Deal Summary

Public Service Enterprise Group Acquires juwi - 2.9 Megawatt Solar Energy Facility

On December 22, 2014, Public Service Enterprise Group acquired renewable energy company juwi - 2.9 Megawatt Solar Energy Facility from juwi AG

Acquisition Highlights
  • This is Public Service Enterprise Group’s 3rd transaction in the Renewable Energy sector.
  • This is Public Service Enterprise Group’s 3rd transaction in the United States.
  • This is Public Service Enterprise Group’s 1st transaction in District of Columbia.

M&A Deal Summary
Date 2014-12-22
Target juwi - 2.9 Megawatt Solar Energy Facility
Sector Renewable Energy
Buyer(s) Public Service Enterprise Group
Sellers(s) juwi AG
Deal Type Divestiture

Target

juwi - 2.9 Megawatt Solar Energy Facility

Washington, District of Columbia, United States
juwi - 2.9 Megawatt (MWdc) Solar Energy Facility is located 22 miles Southeast of Washington, DC. The acquisition will increase the capacity of PSEG Solar Source’s portfolio to 123 MWdc. The project was originally developed by JSI and has a 20-year power purchase agreement with Southern Maryland Electric Cooperative (SMECO).

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Buyer(S) 1

Buyer

Public Service Enterprise Group

Newark, New Jersey, United States
Category Company
Founded 1985
Sector Utilities
Employees12,543
Revenue 11.2B USD (2023)
DESCRIPTION

Public Service Enterprise Group is a diversified energy company, provides electric and gas service – serving 2.2 million electric customers and 1.8 million gas customers or nearly three out of every four people in the state. Public Service Enterprise Group was founded in 1985 and is based in Newark, New Jersey.

DEAL STATS #
Overall 3 of 6
Sector (Renewable Energy) 3 of 6
Type (Divestiture) 3 of 5
State (District of Columbia) 1 of 1
Country (United States) 3 of 6
Year (2014) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-23 juwi - ERWR Whitcomb Farm Solar Project

Burlington, Vermont, United States

juwi - ERWR Whitcomb Farm Solar Project is located roughly 4 miles northeast of Burlington, Vermont and has a nameplate capacity of 3.6MWdc.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-17 Genesis Power - 755-MW Keys Energy Center

United States

Genesis Power - 755-MW Keys Energy Center with 55-MW plant will provide clean energy to Maryland.

Buy -

Seller(S) 1

SELLER

juwi AG

Worrstadt,, Germany
Category Company
Founded 1996
Sector Renewable Energy
DESCRIPTION

juwi AG engages in the area of renewable energy with a strong regional presence. The company offers project development and EPC services as well as products and solutions for the energy turnaround.

DEAL STATS #
Overall 4 of 5
Sector (Renewable Energy) 4 of 5
Type (Divestiture) 4 of 5
State (District of Columbia) 1 of 1
Country (United States) 4 of 4
Year (2014) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-10 juwi solar - Solar Energy Project In Utah

United States

juwi solar - Solar Energy Project In Utah comprises solar energy project. The project has secured a 20-year power purchase agreement and an interconnection agreement.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-14 juwi EnR s.a.r.l.

La Rivière Saint-Sauveu, France

juwi EnR is one of the major independent renewable power players in France, with a broad pipeline of wind and solar projects, as well as a strong activity in construction and in operation & maintenance of renewable energy assets.

Sell -
Mergr

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