M&A Deal Summary

Solar Frontier Americas Acquires Recurrent Energy - Mustang Two Solar Project

On December 18, 2018, Solar Frontier Americas acquired renewable energy company Recurrent Energy - Mustang Two Solar Project from Recurrent Energy

Acquisition Highlights
  • This is Solar Frontier Americas’ 1st transaction in the Renewable Energy sector.
  • This is Solar Frontier Americas’ 1st transaction in the United States.
  • This is Solar Frontier Americas’ 1st transaction in California.

M&A Deal Summary

Date 2018-12-18
Target Recurrent Energy - Mustang Two Solar Project
Sector Renewable Energy
Buyer(s) Solar Frontier Americas
Sellers(s) Recurrent Energy
Deal Type Divestiture

Target

Recurrent Energy - Mustang Two Solar Project

San Francisco, California, United States
Recurrent Energy LLC - Mustang Two Solar Project Located on 1,400 acres in Kings County, California, the Mustang Two project is expected to create approximately 400 jobs during peak construction.

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Buyer(S) 1

Buyer

Solar Frontier Americas

Santa Clara, California, United States

Category Company
Sector Renewable Energy
DESCRIPTION

Solar Frontier Americas, Inc. is a manufacturerof CIS photovoltaic modules.


DEAL STATS #
Overall 1 of 1
Sector: Renewable Energy M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-12 Solar Frontier Americas - 28 MW of Solar Projects

California, United States

Solar Frontier Americas 28 MW of Solar Projects Located in Fresno County, just South of San Joaquin, California, the sites combined have a planned capacity of 28 megawatts DC. The projects are packaged with permits and power purchase agreements (PPA) with Pacific Gas & Electric.

Sell -

Seller(S) 1

SELLER

Recurrent Energy

San Francisco, California, United States

Category Company
Founded 2006
Sector Renewable Energy
DESCRIPTION

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).


DEAL STATS #
Overall 2 of 3
Sector: Renewable Energy M&A 1 of 2
Type: Divestiture M&A Deals 2 of 3
State: California M&A 1 of 2
Country: United States M&A 2 of 3
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-01 Recurrent Energy - Six Solar Projects

United States

A developer of utility scale solar projects.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-12 Recurrent Energy - 200-MWac Texas Solar Project

San Francisco, California, United States

Recurrent Energy LLC - 200-MWac Texas Solar Project utilizes more than 733,000 of Canadian Solar's high-efficiency bifacial BiKu modules across approximately 1,700 acres west of San Angelo, Texas.

Sell -