M&A Deal Summary

SunEdison Acquires 50 megawatts of solar photovoltaic projects

On June 19, 2014, SunEdison acquired renewable energy company 50 megawatts of solar photovoltaic projects from BlueWave Capital

Acquisition Highlights
  • This is SunEdison’s 2nd transaction in the Renewable Energy sector.
  • This is SunEdison’s 5th transaction in the United States.
  • This is SunEdison’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2014-06-19
Target 50 megawatts of solar photovoltaic projects
Sector Renewable Energy
Buyer(s) SunEdison
Sellers(s) BlueWave Capital
Deal Type Divestiture

Target

50 megawatts of solar photovoltaic projects

Massachusetts, United States
50 megawatts (MW) of solar photovoltaic includes twelve (12) projects.

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Buyer(S) 1

Buyer

SunEdison

St. Peters, Montana, United States
Category Company
Founded 1984
Sector Renewable Energy
Employees7,260
Revenue 2.5B USD (2014)
DESCRIPTION

SunEdison is a global renewable energy development company and is transforming the way energy is generated, distributed, and owned around the world. The company develops, finances, installs, owns and operates renewable power plants, delivering predictably priced electricity to its residential, commercial, government and utility customers. SunEdison was founded in 1984 and is based in St. Peters, Montana.

DEAL STATS #
Overall 5 of 14
Sector (Renewable Energy) 2 of 9
Type (Divestiture) 1 of 4
State (Massachusetts) 1 of 2
Country (United States) 5 of 9
Year (2014) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-30 EchoFirst

Fremont, California, United States

EchoFirst Inc. designs, manufactures, and markets solar systems that generate electricity and thermal energy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-03 Silver Ridge Power

Arlington, Virginia, United States

AES Solar Energy, Ltd. Is formed to develop, own and operate a global portfolio of utility-scale solar photovoltaic installations.

Buy $179M

Seller(S) 1

SELLER

BlueWave Capital

Boston,, Massachusetts, United States
Category Company
Founded 2003
Sector Renewable Energy
DESCRIPTION

BlueWave Capital, LLC is a Boston-based renewable energy project development company with a focus on solar photovoltaic (PV) development. BlueWave has approximately 500 megawatts (MW) of solar projects under development in the United States, South Africa and the Caribbean.

DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Divestiture) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
Mergr

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