M&A Deal Summary

Southern Acquires Invenergy Renewables - Beech Ridge II Wind Facility

On May 21, 2020, Southern acquired renewable energy company Invenergy Renewables - Beech Ridge II Wind Facility from Invenergy Renewables

Acquisition Highlights
  • This is Southern’s 3rd transaction in the Renewable Energy sector.
  • This is Southern’s 5th transaction in the United States.
  • This is Southern’s 1st transaction in West Virginia.

M&A Deal Summary
Date 2020-05-21
Target Invenergy Renewables - Beech Ridge II Wind Facility
Sector Renewable Energy
Buyer(s) Southern
Sellers(s) Invenergy Renewables
Deal Type Divestiture

Target

Invenergy Renewables - Beech Ridge II Wind Facility

Greenbrier County, West Virginia, United States
Invenergy Renewables LLC - Beech Ridge II Wind Facility is a 56-megawatt (MW) renewable project in the Mid-Atlantic region. The project was developed by Invenergy and utilizes 20 wind turbines manufactured by GE Renewable Energy.

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Buyer(S) 1

Buyer

Southern

Atlanta, Georgia, United States
Category Company
Founded 1945
Sector Utilities
Employees27,819
Revenue 25.3B USD (2023)
DESCRIPTION

Southern is a premier energy company serving the Southeast through its subsidiaries. A U.S. producer of clean, safe, reliable and affordable electricity, Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern was founded in 1945 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 5 of 5
Sector (Renewable Energy) 3 of 3
Type (Divestiture) 3 of 3
State (West Virginia) 1 of 1
Country (United States) 5 of 5
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 Gulf Power

Pensacola, Florida, United States

Gulf Power Co. is an energy provider serving nearly half a million customers across Northwest Florida. Our team works hard to provide our customers with reliable and environmentally responsible energy, to offer innovative energy services and solutions, and give back to the communities we also call home.

Sell -

Seller(S) 1

SELLER

Invenergy Renewables

Chicago, Illinois, United States
Category Company
Founded 2001
Sector Renewable Energy
DESCRIPTION

Invenergy Renewables develops, owns, and operates power generation and energy storage facilities in North America and Europe. Company have a proven track record in establishing and maintaining longstanding, profitable relationships with utilities, suppliers, and the communities in which our projects are located. Invenergy Renewables was founded in 2001 and is based in Chicago, Illinois.

DEAL STATS #
Overall 6 of 7
Sector (Renewable Energy) 5 of 6
Type (Divestiture) 5 of 6
State (West Virginia) 1 of 1
Country (United States) 5 of 6
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-27 Blooming Grove Wind Energy Center

Lexington, Illinois, United States

Blooming Grove Wind Energy Center is a developer and operator of sustainable energy solutions. Blooming Grove Wind Energy Center is based in Lexington, Illinois.

Sell $345M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-01 Jayhawk Wind Farm

United States

Jayhawk Wind, a wind energy project expected to generate up to 195 megawatts of clean, homegrown energy. Local wind data confirms that the area under consideration is ideal for a project of this size, which will produce enough safe, pollution-free energy to power up to 70,260 U.S. homes every year.

Buy -
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