M&A Deal Summary

TerraForm Power Acquires Hudson Energy Solar

On November 4, 2014, TerraForm Power acquired renewable energy company Hudson Energy Solar from Just Energy for 56M USD

Acquisition Highlights
  • This is TerraForm Power’s 1st transaction in the Renewable Energy sector.
  • This is TerraForm Power’s 3rd largest (disclosed) transaction.
  • This is TerraForm Power’s 1st transaction in the United States.
  • This is TerraForm Power’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2014-11-04
Target Hudson Energy Solar
Sector Renewable Energy
Buyer(s) TerraForm Power
Sellers(s) Just Energy
Deal Type Divestiture
Deal Value 56M USD

Target

Hudson Energy Solar

Ramsey, New Jersey, United States
Hudson Energy Solar Corp. is a provider of renewable energy services to commercial and residential customers.

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Buyer(S) 1

Buyer

TerraForm Power

New York, Maryland, United States
Category Company
Founded 2014
Sector Renewable Energy
Employees177
Revenue 1.1B USD (2020)
DESCRIPTION

TerraForm Power is a renewable energy company that is changing how energy is generated, distributed and owned. TerraForm Power creates value for its investors by owning and operating clean energy power plants. TerraForm Power was founded in 2014 and is based in New York, New York.

DEAL STATS #
Overall 1 of 8
Sector (Renewable Energy) 1 of 8
Type (Divestiture) 1 of 5
State (New Jersey) 1 of 1
Country (United States) 1 of 6
Year (2014) 1 of 3
Size (of disclosed) 3 of 5
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-19 First Wind Holdings

Boston, Massachusetts, United States

First Wind is an independent renewable energy company exclusively focused on the development, financing, construction, ownership and operation of utility-scale renewable energy projects in the United States. Based in Boston, First Wind is operating or building renewable energy projects in the Northeast, the West and Hawaii,with combined capacity of nearly 1,300 megawatts (MW) – enough to power more than 425,000 homes each year.

Buy $2.4B

Seller(S) 1

SELLER

Just Energy

Toronto, Ontario, Canada
Category Company
Founded 1997
Sector Energy Services and Equipment
Employees1,581
Revenue 2.7B CAD (2021)
DESCRIPTION

Just Energy's business primarily involves the sale of natural gas and/or electricity to residential and commercial customers under long-term fixed-price, price-protected, or variable-priced contracts and green energy products. Just Energy Group was founded in 1997 and is based in Mississauga, Canada.

DEAL STATS #
Overall 1 of 2
Sector (Renewable Energy) 1 of 1
Type (Divestiture) 1 of 2
State (New Jersey) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 2 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-12 db swdirekt

Hamburg, Germany

db swdirekt GmbH is a provider of natural gas and power to consumers.

Buy -
Mergr

Product

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