M&A Deal Summary

Southern Power and Turner Renewable Energy Acquires RES America Developments - Lamesa Solar Facility

On July 7, 2016, Southern Power and Turner Renewable Energy acquired renewable energy company RES America Developments - Lamesa Solar Facility from RES America Developments

Acquisition Highlights
  • This is Southern Power and Turner Renewable Energy’s 2nd transaction in the Renewable Energy sector.
  • This is Southern Power and Turner Renewable Energy’s 2nd transaction in the United States.
  • This is Southern Power and Turner Renewable Energy’s 1st transaction in Texas.

M&A Deal Summary

Date 2016-07-07
Target RES America Developments - Lamesa Solar Facility
Sector Renewable Energy
Buyer(s) Southern Power and Turner Renewable Energy
Sellers(s) RES America Developments
Deal Type Divestiture

Target

RES America Developments - Lamesa Solar Facility

Texas, United States
RES America Developments, Inc. - Lamesa Solar Facility is the 102-megawatt (MW) facility based in texas.

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Buyer(S) 1

Buyer
DESCRIPTION

Southern Power and Turner Renewable Energy LLC is a provider of renewable energy services.


DEAL STATS #
Overall 2 of 5
Sector: Renewable Energy M&A 2 of 5
Type: Divestiture M&A Deals 2 of 5
State: Texas M&A 1 of 3
Country: United States M&A 2 of 4
Year: 2016 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-26 Solar Frontier Americas - Morelos del Sol Solar Facility

United States

Solar Frontier Americas - Morelos del Sol Solar Facility is a 15-megawatt (MW) solar facility consists of 111,744 thin-film photovoltaic (PV) solar modules mounted on single-axis trackers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-08 Cypress Creek Renewables - Solar Project 74 MW

Buy -

Seller(S) 1

SELLER

RES America Developments

Portland, Oregon, United States

Category Company
Founded 2000
Sector Construction
DESCRIPTION

RES America Developments, Inc. is a developer, construction and operation services to renewable energy, energy storage and transmission markets across the Americas.


DEAL STATS #
Overall 1 of 1
Sector: Renewable Energy M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1