Explore All 315 Divestiture Renewable Energy Deals - Search the Database Free
M&A Deal Summary |
|
|---|---|
| Date | October 8, 2018 |
| Target | Deepwater Wind |
| Sector | Renewable Energy |
| Buyer(s) | Ørsted |
| Sellers(s) | D. E. Shaw & Co. |
| Deal Type | Divestiture |
| Deal Value | 510M USD |
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Ørsted is a developer of offshore wind farms, Ørsted has installed 5.1 GW offshore wind capacity in Europe and has a further 3.8 GW under construction. It is Ørsted’s ambition to have installed a total offshore wind capacity of 11-12 GW worldwide by 2025. Ørsted entered the U.S. in 2015 and sees the U.S. renewables market as an attractive, strategic growth opportunity. Ørsted holds the right to develop Bay State Wind and Ocean Wind, in total up to 4 GW of potential offshore wind capacity.
| Deal Context for Buyer | # |
|---|---|
| Overall | 3 of 4 |
| Sector: Renewable Energy | 3 of 4 |
| Type: Divestiture | 1 of 1 |
| State: Rhode Island | 1 of 1 |
| Country: United States | 3 of 4 |
| Year: 2018 | 2 of 2 |
| Size (of disclosed) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-08-09 |
Lincoln Clean Energy
Chicago, Illinois, United States Lincoln Clean Energy LLC is a U.S.-based developer, owner and operator of wind farms. LCE has developed over 1.8 GW of renewable power projects in California, New Jersey and Texas. In 2017, LCE was the largest non-utility wind developer in the U.S |
Buy | $580M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-01-01 |
Ocean Wind 1
Atlantic City, New Jersey, United States Ocean Wind 1 is an offshore wind project delivering 1,100 MW of clean, reliable energy. Ocean Wind 1 is based in Atlantic City, New Jersey. |
Buy | - |
D. E. Shaw & Co., L.P., an investment and technology development company, engages in investing in companies and financial instruments in industrialized nations and emerging markets.
| Deal Context for Seller | # |
|---|---|
| Overall | 2 of 2 |
| Sector: Renewable Energy | 1 of 1 |
| Type: Divestiture | 2 of 2 |
| State: Rhode Island | 1 of 1 |
| Country: United States | 1 of 1 |
| Year: 2018 | 1 of 1 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-01-30 |
Coronal Energy - Fusion Solar Center
Connecticut, United States Coronal Energy - Fusion Solar Center is a 20 MW-ac facility located in the town of Sprague, Connecticut. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-10-22 |
OCI Solar Power - Project Ivory
Dawson County, Texas, United States OCI Solar Power LLC - Project Ivory is located in Dawson County, Texas and was constructed in connection with a facility power purchase agreement between the City of San Antonio acting through its City Public Service Board ("CPS Energy") and OCI Solar Power. |
Buy | - |
