M&A Deal Summary

SunEdison Acquires Solar Grid Storage

On March 10, 2015, SunEdison acquired semiconductors company Solar Grid Storage

Acquisition Highlights
  • This is SunEdison’s 2nd transaction in the Semiconductors sector.
  • This is SunEdison’s 8th transaction in the United States.
  • This is SunEdison’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2015-03-10
Target Solar Grid Storage
Sector Semiconductors
Buyer(s) SunEdison
Deal Type Add-on Acquisition

Target

Solar Grid Storage

Philadelphia, Pennsylvania, United States
Solar Grid Storage LLC is a startup deploying combined energy storage and solar PV systems.

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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 8 of 14
Sector (Semiconductors) 2 of 2
Type (Add-on Acquisition) 5 of 8
State (Pennsylvania) 1 of 1
Country (United States) 8 of 9
Year (2015) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-07 SunEdison - 26 Megawatts Of Distributed Generation Solar Power Plants

United States

SunEdison - 26 Megawatts Of Distributed Generation Solar Power Plants portfolio has high quality counterparties including municipalities, schools and businesses and is geographically diverse, with plants located in seven US states. These assets are expected to increase annual CAFD by approximately $5 million on an unlevered basis. The 21 power plants have long-term contracts with an average remaining life of 20 years.

Sell $47M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-31 SunEdison - 168 MW of Solar Power Plants

United States

SunEdison - 168 MW of Solar Power Plants includes US distributed generation power plants representing 15 MW and eleven utility-scale, ground mount plants in the UK comprising 153 MW.

Sell -