M&A Deal Summary

Sempra U.S. Gas & Power Acquires Geronimo Energy - Apple Blossom Wind Project

On July 22, 2016, Sempra U.S. Gas & Power acquired renewable energy company Geronimo Energy - Apple Blossom Wind Project from Geronimo Energy

Acquisition Highlights
  • This is Sempra U.S. Gas & Power’s 2nd transaction in the Renewable Energy sector.
  • This is Sempra U.S. Gas & Power’s 2nd transaction in the United States.
  • This is Sempra U.S. Gas & Power’s 1st transaction in Michigan.

M&A Deal Summary
Date 2016-07-22
Target Geronimo Energy - Apple Blossom Wind Project
Sector Renewable Energy
Buyer(s) Sempra U.S. Gas & Power
Sellers(s) Geronimo Energy
Deal Type Divestiture

Target

Geronimo Energy - Apple Blossom Wind Project

Huron County, Michigan, United States
Geronimo Energy LLC - Apple Blossom Wind Project is a generator of clean, renewable power for approximately 38,000 Michigan homes.

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Buyer(S) 1

Buyer

Sempra U.S. Gas & Power

San Diego, California, United States
Category Company
Sector Energy Services and Equipment
DESCRIPTION

Sempra U.S. Gas & Power LLC is a designer and developer of large-scale renewable energy and natural gas infrastructure projects.

DEAL STATS #
Overall 2 of 2
Sector (Renewable Energy) 2 of 2
Type (Divestiture) 2 of 2
State (Michigan) 1 of 1
Country (United States) 2 of 2
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-29 Rockies Express Pipeline

Houston, Texas, United States

Rockies Express Pipeline LLC is a natural gas pipeline system that provides transportation from Rio Blanco County, Colorado to Monroe County, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-12 Sempra U.S. Gas & Power - Mobile Gas and Willmut Gas

San Diego, California, United States

Sempra U.S. Gas & Power LLC - Mobile Gas and Willmut Gas is a provider of energy services.

Sell $344M

Seller(S) 1

SELLER

Geronimo Energy

Minneapolis, Minnesota, United States
Category Company
Sector Renewable Energy
DESCRIPTION

Geronimo Energy LLC is a utility-scale renewable energy development company headquartered in Minneapolis, Minnesota. Geronimo has developed multiple operating wind farms and solar projects throughout the United States. Over 1,600 megawatts of Geronimo-developed renewable energy projects are either operational or currently under construction.

DEAL STATS #
Overall 3 of 3
Sector (Renewable Energy) 3 of 3
Type (Divestiture) 3 of 3
State (Michigan) 1 of 1
Country (United States) 3 of 3
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-22 Walnut Ridge Wind Farm

Illinois, United States

Walnut Ridge is an up to 225 MW wind farm development located in north central Illinois. The General Services Administration (“GSA”) of the United States Federal Government has entered into a Power Purchase Agreement (“PPA”) for 140 MW of Walnut Ridge’s capacity. Development of Walnut Ridge is expected to continue throughout 2015 with plans to construct the facility in 2016.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-07 Noble Great Plains Windpark

United States

Noble Great Plains Windpark is a renewable energy company operating 114 megawatt wind project.

Buy -
Mergr

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