M&A Deal Summary

Tokyo Gas America Acquires Hecate Energy - 514 MW Aktina Solar PV Power Plant

On July 29, 2020, Tokyo Gas America acquired renewable energy company Hecate Energy - 514 MW Aktina Solar PV Power Plant from Hecate Energy

Acquisition Highlights
  • This is Tokyo Gas America’s 1st transaction in the Renewable Energy sector.
  • This is Tokyo Gas America’s 1st transaction in the United States.
  • This is Tokyo Gas America’s 1st transaction in Texas.

M&A Deal Summary

Date 2020-07-29
Target Hecate Energy - 514 MW Aktina Solar PV Power Plant
Sector Renewable Energy
Buyer(s) Tokyo Gas America
Sellers(s) Hecate Energy
Deal Type Divestiture

Target

Hecate Energy - 514 MW Aktina Solar PV Power Plant

Wharton County, Texas, United States
Hecate Energy LLC's 514 MW Aktina Solar PV Power Plant is a provider of solar energy solutions based in Wharton County, Texas.

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Buyer(S) 1

Buyer

Tokyo Gas America

Houston, Texas, United States

Category Company
Founded 2013
Sector Energy Services and Equipment
DESCRIPTION

Tokyo Gas America is fully owned by Tokyo Gas Co., Ltd. that develops wide-ranging businesses include upstream operations such as gas field development, midstream to downstream operations as exemplified by power generation, natural gas distribution, LNG exportation and natural gas trading in North America. Tokyo Gas America was formed in 2013 and is based in Houston, Texas.


DEAL STATS #
Overall 1 of 2
Sector (Renewable Energy) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 2
Country (United States) 1 of 2
Year (2020) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-06 ARM Energy Trading

Houston, Texas, United States

ARM Energy Trading is comprised of physical natural gas marketers, ARM Energy Services and ARM Energy Mexico. ARM Energy Trading is based in Houston, Texas.

Buy -

Seller(S) 1

SELLER

Hecate Energy

Chicago, Illinois, United States

Category Company
Sector Energy Services and Equipment
DESCRIPTION

Hecate Energy LLC is a developer, owner and operator of power plants in North America and internationally. Hecate Energy brings together business acumen, technical understanding and significant experience in the industry to develop world-class power projects. The company specializes in solar and wind power, natural gas plants and energy storage, unearthing creative approaches to structuring PPAs and financing power projects both in the United States and abroad.


DEAL STATS #
Overall 2 of 4
Sector (Renewable Energy) 2 of 4
Type (Divestiture) 2 of 4
State (Texas) 1 of 1
Country (United States) 2 of 4
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-30 Clarke Country Solar

White Post, Virginia, United States

Clarke County Solar is a provider of renewable energy services located on a 117-acre parcel of land in White Post, Va.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-11 Hecate Energy - 40 MWac New York Solar Projects

Chicago, Illinois, United States

Hecate Energy's 40 MWac New York Solar Projects are sustainable energy assets providing clean energy services.

Sell -