M&A Deal Summary

sPower Acquires FLS Energy - 63.1MWdc Solar Assets

On March 11, 2015, sPower acquired renewable energy company FLS Energy - 63.1MWdc Solar Assets from FLS Energy

Acquisition Highlights
  • This is sPower’s 1st transaction in the Renewable Energy sector.
  • This is sPower’s 1st transaction in the United States.

M&A Deal Summary

Date 2015-03-11
Target FLS Energy - 63.1MWdc Solar Assets
Sector Renewable Energy
Buyer(s) sPower
Sellers(s) FLS Energy
Deal Type Divestiture

Target

FLS Energy - 63.1MWdc Solar Assets

United States
FLS Energy - 63.1MWdc Solar Assets comprises portfolio solar energy production assets. The asset is located in the United States.

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Buyer(S) 1

Buyer

sPower

Salt Lake City, Utah, United States

Category Company
Sector Renewable Energy
DESCRIPTION

sPower is an independent power producer (IPP) that owns and/or operates more than 150 utility and commercial distributed electrical generation systems across the U.S. and the UK. With 4.0 gigawatts between operating, construction and pipeline, sPower are actively buying select utility-scale renewable assets in virtually any stage of development in the United States. sPower is based in Salt Lake City, Utah.


DEAL STATS #
Overall 1 of 1
Sector: Renewable Energy M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2015 M&A 1 of 1

Seller(S) 1

SELLER

FLS Energy

Asheville, North Carolina, United States

Category Company
Founded 2006
Sector Renewable Energy
DESCRIPTION

FLS Energy, Inc. is a full service solar energy provider that owns and operates a portfolio of solar energy assets throughout the U.S. FLS development team takes projects from conception to commissioning and offers complete in-house system design, engineering, construction, financing and turnkey project development.


DEAL STATS #
Overall 1 of 1
Sector: Renewable Energy M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-08 JA Solar - 13.2 MWs PV Solar Modules

North Carolina, United States

JA Solar - 13.2 MWs PV Solar Modules to be used in a 37 MW portfolio of utility scale projects throughout the state of North Carolina. The solar energy power plants will consist of a total of 43,309 modules and will power approximately 1900 North Carolina households.

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