M&A Deal Summary

SunEdison Acquires Renova - 336 MW Hydropower Assets

On May 7, 2015, SunEdison acquired renewable energy company Renova - 336 MW Hydropower Assets from Renova Energia S.A.

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

M&A Deal Summary

Date 2015-05-07
Target Renova - 336 MW Hydropower Assets
Sector Renewable Energy
Buyer(s) SunEdison
Sellers(s) Renova Energia S.A.
Deal Type Divestiture

Target

Renova - 336 MW Hydropower Assets

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

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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: Brazil M&A 1 of 1
Year: 2015 M&A 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-07 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.

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

Renova Energia S.A.

São Paulo, Brazil

Category Company
Founded 2001
Sector Renewable Energy
Employees350
DESCRIPTION

Renova Energia is a Brazilian company of renewable electricity generation operating in wind arrays, small hydropower (SHP) and solar. Since 2009 its performance is heavily concentrated in wind power projects, a market which is a pioneer and holds leadership, and owns the largest wind farm in Latin America, located in Bahia.As prominent gap in its performance, is qualified to operate in an integrated manner the various power generation chain stages, performing prospecting, structuring, execution and operation of projects.


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