Divestiture • Renewable Energy

Standard Solar Acquires Knox Solar + Storage Project

On April 25, 2023, Standard Solar acquired renewable energy company Knox Solar + Storage Project from EDF Renewable Energy

Acquisition Context
  • This is Standard Solar’s 1st transaction in the Renewable Energy sector.
  • This is Standard Solar’s 1st transaction in the United States.
  • This is Standard Solar’s 1st transaction in California.

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M&A Deal Summary

Date April 25, 2023
Target Knox Solar + Storage Project
Sector Renewable Energy
Buyer(s) Standard Solar
Sellers(s) EDF Renewable Energy
Deal Type Divestiture

Target Company

Knox Solar + Storage Project

San Diego, California, United States
Knox Solar + Storage Project is expected to generate approximately 1,872 MWh of clean energy. Knox Solar + Storage Project is based in San Diego, California.
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Buyer Overview 1

Buyer

Standard Solar

Rockville, Maryland, United States

Category Company
Founded 2004
Sector Renewable Energy
DESCRIPTION

Standard Solar, Inc. is a solar energy company specializing in the development and financing of solar electric systems nationwide. Dedicated to making Distributed Generation (DG) solar more accessible to businesses, institutions, governments and utilities, the company is forging the path for clean, renewable energy development through turnkey solutions.


Deal Context for Buyer #
Overall 1 of 2
Sector: Renewable Energy 1 of 2
Type: Divestiture 1 of 2
State: California 1 of 1
Country: United States 1 of 2
Year: 2023 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-11-18 Cenergy Power - Two Community solar projects

Illinois, United States

Cenergy Power's Two Community solar projects are the Worden project in Worden, Illinois, is a 6.7-megawatt (MW) single-axis tracker community solar array expected to generate approximately 11,060 megawatt-hours (MWh) of clean energy in its first year of operation. The Zion Park District project, a 2.4 MW ground-mounted community solar array located in Zion, Illinois, is projected to produce 3,529 MWh of energy annually. Together, the projects will deliver nearly 15,000 MWh of renewable energy per year.

Buy -

Seller Profile 1

SELLER

EDF Renewable Energy

San Diego, California, United States

Category Company
Founded 1987
Sector Energy Services and Equipment
DESCRIPTION

EDF Renewable Energy is one of the renewable energy players in the U.S. market and owns more than 1,400 MW of renewable power generation assets and more than 6,000MW of O&M service contracts through its affiliate company, EDF Renewable Services.


Deal Context for Seller #
Overall 9 of 9
Sector: Renewable Energy 8 of 8
Type: Divestiture 8 of 8
State: California 3 of 3
Country: United States 9 of 9
Year: 2023 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-18 EDF Renewable - Massachusetts Solar Assets

Massachusetts, United States

EDF Renewables two operating solar projects totaling 11.9 megawatts (MW), were built in 2014 and supply clean energy to the Town of Billerica and the Town of Wareham; both municipalities are in Massachusetts.

Sell -