M&A Deal Summary

Renewable Energy Trust Capital Acquires Canadian Solar - 14.1-megawatt DC CityLights Solar Power Plant

On April 6, 2015, Renewable Energy Trust Capital acquired renewable energy company Canadian Solar - 14.1-megawatt DC CityLights Solar Power Plant from Canadian Solar

Acquisition Highlights
  • This is Renewable Energy Trust Capital’s 1st transaction in the Renewable Energy sector.
  • This is Renewable Energy Trust Capital’s 1st transaction in Canada.
  • This is Renewable Energy Trust Capital’s 1st transaction in Ontario.

M&A Deal Summary
Date 2015-04-06
Target Canadian Solar - 14.1-megawatt DC CityLights Solar Power Plant
Sector Renewable Energy
Buyer(s) Renewable Energy Trust Capital
Sellers(s) Canadian Solar
Deal Type Divestiture

Target

Canadian Solar - 14.1-megawatt DC CityLights Solar Power Plant

Chesterville, Ontario, Canada
Canadian Solar's 14.1-megawatt DC CityLights Solar Power Plant is a provider of solar energy solutions.

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Buyer(S) 1

Buyer

Renewable Energy Trust Capital

San Francisco, California, United States
Category Company
Founded 2011
Sector Renewable Energy
DESCRIPTION

Renewable Energy Trust Capital, Inc. is an innovative and flexible low-cost financing for wind and solar projects, a unique partnership model, and a deep bench of experienced professionals with unparalleled expertise in surmounting regulatory and financial obstacles.

DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Divestiture) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2015) 1 of 1

Seller(S) 1

SELLER

Canadian Solar

Guelph, Ontario, Canada
Category Company
Founded 2001
Sector Semiconductors
Employees13,535
Revenue 7.6B USD (2023)
DESCRIPTION

Canadian Solar a vertically integrated provider of solar modules, specialized solar products and solar power plants. Canadian Solar is committed to improve the environment and dedicated to provide advanced solar energy products, solutions and services to enable sustainable development around the world. Canadian Solar was founded in 2001 and is based in Guelph, Ontario.

DEAL STATS #
Overall 2 of 6
Sector (Renewable Energy) 2 of 6
Type (Divestiture) 2 of 6
State (Ontario) 1 of 1
Country (Canada) 1 of 2
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-31 Recurrent Energy

San Francisco, California, United States

Recurrent Energy is a provider of solar projects for utilities, government, and commercial customers. We develop, build, and operate distributed solar power systems—typically 2-20MW each—connected to the existing distribution grid. We market renewable power to our customers in North America and Europe at competitive rates via a Power Purchase Agreement (PPA) or Feed-in Tariff (FiT).

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-11 eNow

Warwick, Rhode Island, United States

eNow, Inc. is a designer, developer and manufacturer of solar-based power systems for the commercial trucking, RV, and Marine industries. eNow's solutions are known for their durability, superior power, low cost, and quick return on investment.

Buy -
Mergr

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