M&A Deal Summary

Public Service Enterprise Group Acquires juwi solar - 13 Megawatt Solar Energy Facility

On July 2, 2014, Public Service Enterprise Group acquired renewable energy company juwi solar - 13 Megawatt Solar Energy Facility from juwi AG

Acquisition Highlights
  • This is Public Service Enterprise Group’s 1st transaction in the Renewable Energy sector.
  • This is Public Service Enterprise Group’s 1st transaction in the United States.
  • This is Public Service Enterprise Group’s 1st transaction in Texas.

M&A Deal Summary
Date 2014-07-02
Target juwi solar - 13 Megawatt Solar Energy Facility
Sector Renewable Energy
Buyer(s) Public Service Enterprise Group
Sellers(s) juwi AG
Deal Type Divestiture

Target

juwi solar - 13 Megawatt Solar Energy Facility

El Paso, Texas, United States
juwi solar - 13 Megawatt (MWdc) Solar Energy Facility is located 14 miles north of El Paso, adjacent to the existing El Paso Electric Newman Generating Station. The project was originally developed by JSI and has a 30-year power purchase agreement (PPA) with El Paso Electric Company.

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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 1 of 6
Sector (Renewable Energy) 1 of 6
Type (Divestiture) 1 of 5
State (Texas) 1 of 1
Country (United States) 1 of 6
Year (2014) 1 of 3
FOLLOWING 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 -

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 1 of 5
Sector (Renewable Energy) 1 of 5
Type (Divestiture) 1 of 5
State (Texas) 1 of 1
Country (United States) 1 of 4
Year (2014) 1 of 4
FOLLOWING 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.

Sell -
Mergr

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