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M&A Deal Summary

SunEdison Acquires Alto Cielo S.A.

On May 7, 2015, SunEdison acquired renewable energy company Alto Cielo S.A. from Solarpack Corporacion Technologica S.L.

Acquisition Highlights
  • This is SunEdison’s 6th transaction in the Renewable Energy sector.
  • This is SunEdison’s 1st transaction in Uruguay.

M&A Deal Summary
Date 2015-05-07
Target Alto Cielo S.A.
Sector Renewable Energy
Buyer(s) SunEdison
Sellers(s) Solarpack Corporacion Technologica S.L.
Deal Type Divestiture

Target

Alto Cielo S.A.

Uruguay
Alto Cielo, S.A., a special purpose vehicle owning a 26 MW solar power project under construction in Uruguay. The project is contracted under a U.S. dollar-denominated, 28-year PPA with the National Administration of Power Plants and Electrical Transmissions (UTE), Uruguay's state-owned utility. Under the terms of the PPA, UTE will purchase all energy produced by the Alto Cielo project for the duration of the contract. Uruguay is one of a select group of investment-grade markets in the region.

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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 10 of 14
Sector: Renewable Energy M&A 6 of 9
Type: Divestiture M&A Deals 3 of 4
Country: Uruguay M&A 1 of 1
Year: 2015 M&A 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-07 Renova - 336 MW Hydropower Assets

Brazil

Renova - 336 MW Hydropower Assets own 336 MW of operating utility-scale wind power plants in Brazil.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-16 Globeleq

St. Peter Port Guernsey, United Kingdom

Globeleq has a strong management team dedicated to the development of greenfield power generation projects in the emerging markets.

Buy -

Seller(S) 1

SELLER

Solarpack Corporacion Technologica S.L.

Biscay, Spain
Category Company
Founded 2005
Sector Renewable Energy
DESCRIPTION

Solarpack is a multinational integrated management company focusing on electricity generation projects in the field of solar photovoltaic energy. Company specialize in the development, financing, construction, operation and management of solar photovoltaic generation projects. Solarpack has a global presence in Spain, Chile, Peru, Uruguay, South Africa, Panama and India, with a portfolio of more than 1,304 MW.

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