M&A Deal Summary

Terabase Energy Acquires PlantPredict

On August 25, 2021, Terabase Energy acquired software company PlantPredict from First Solar

Acquisition Highlights
  • This is Terabase Energy’s 1st transaction in the Software sector.
  • This is Terabase Energy’s 1st transaction in the United States.

M&A Deal Summary

Date 2021-08-25
Target PlantPredict
Sector Software
Buyer(s) Terabase Energy
Sellers(s) First Solar
Deal Type Divestiture

Target

PlantPredict

United States
PlantPredict is a sophisticated predictive solar energy modeling tool that was developed by First Solar for utility-scale PV applications. Easy to use, with advanced modeling options, PlantPredict reduces energy delivery uncertainty by generating rigorously field-verified energy predictions.

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Buyer(S) 1

Buyer

Terabase Energy

Berkeley, California, United States

Category Company
Founded 2019
Sector Software
DESCRIPTION

Terabase Energy is a digital solutions company whose products and services reduce costs and accelerate deployment in large-scale solar. The company's proprietary software is used by more than 400 engineering, procurement, and construction firms, developers, and independent power producers in 28 countries. Terabase Energy was established in 2019 and is based in Berkeley, California.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1

Seller(S) 1

SELLER

First Solar

Tempe, Arizona, United States

Category Company
Founded 1999
Sector Renewable Energy
Employees8,100
Revenue 4.2B USD (2024)
DESCRIPTION
Entrance to First Solar's corporate headquarters in Tempe, Arizona.
Entrance to First Solar's corporate headquarters in Tempe, Arizona.

First Solar is a global provider of solar energy solutions, focused on providing power solutions across various market segments. The Company designs, manufactures and sells photovoltaic solar modules with an advanced thin-film semiconductor technology and the Company develops, designs, constructs and sells PV solar power solutions that primarily use the solar modules it manufactures. Additionally, First Solar provides operations and maintenance services to plant owners that use solar modules manufactured by the Company or by other third-party manufacturers. First Solar was incorporated in 1999 and is based in Tempe, Arizona.


DEAL STATS #
Overall 8 of 9
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 7 of 8
Country: United States M&A 8 of 8
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-25 First Solar - Solar Development Platform

Tempe, Arizona, United States

First Solar's Solar Development Platform includes 773 megawatts (MW)AC of projects that are expected to commence construction in the next two years, as well as the 30-MWAC Barilla Solar Project, which is operational. The pipeline projects are located in the California, Southwest, and Southeast markets.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-04 First Solar - Australian O&M Business

Australia

First Solar's Australian O&M Business is an operator of an operations and maintenance business.

Sell -