M&A Deal Summary |
|
|---|---|
| Date | 2020-01-27 |
| Target | Blooming Grove Wind Energy Center |
| Sector | Renewable Energy |
| Buyer(s) | WEC Energy Group |
| Sellers(s) | Invenergy Renewables |
| Deal Type | Divestiture |
| Deal Value | 345M USD |
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| Category | Company |
|---|---|
| Founded | 1896 |
| Sector | Utilities |
| Employees | 7,000 |
| Revenue | 8.9B USD (2023) |
WEC Energy Group is an electric and natural gas delivery company with deep operational expertise, scale, and financial resources to meet the region’s future energy needs. We focus on reliable service, customer satisfaction, and shareholder value. WEC Energy Group was founded in 1896 and is based in Milwaukee, Wisconsin.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 6 |
| Sector (Renewable Energy) | 2 of 5 |
| Type (Divestiture) | 2 of 2 |
| State (Illinois) | 2 of 4 |
| Country (United States) | 3 of 6 |
| Year (2020) | 1 of 1 |
| Size (of disclosed) | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-01-08 |
Coyote Ridge Wind Farm
White, South Dakota, United States Coyote Ridge Wind Farm site consists of 39 GE wind turbines with a combined capacity of 97 megawatts. |
Buy | $145M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-03-01 |
Jayhawk Wind Farm
United States Jayhawk Wind, a wind energy project expected to generate up to 195 megawatts of clean, homegrown energy. Local wind data confirms that the area under consideration is ideal for a project of this size, which will produce enough safe, pollution-free energy to power up to 70,260 U.S. homes every year. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 2001 |
| Sector | Renewable Energy |
Invenergy Renewables develops, owns, and operates power generation and energy storage facilities in North America and Europe. Company have a proven track record in establishing and maintaining longstanding, profitable relationships with utilities, suppliers, and the communities in which our projects are located. Invenergy Renewables was founded in 2001 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 7 |
| Sector (Renewable Energy) | 4 of 6 |
| Type (Divestiture) | 4 of 6 |
| State (Illinois) | 2 of 3 |
| Country (United States) | 4 of 6 |
| Year (2020) | 1 of 2 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-11-07 |
Invenergy - 109 MW Prairie Breeze II and Prairie Breeze III Projects
Nebraska, United States Invenergy's 109 MW Prairie Breeze II and Prairie Breeze III Projects located in Antelope and Boone Counties, Nebraska benefit from an over 3-year operating track record having begun operations in late 2015, and early 2016, respectively. The Projects also have 25-year power purchase agreements with Lincoln Electric Systems (Moody’s: AA) and City of Grand Island (Moody’s: AA-), with remaining contract terms of more than 21 years. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-05-21 |
Invenergy Renewables - Beech Ridge II Wind Facility
Greenbrier County, West Virginia, United States Invenergy Renewables LLC - Beech Ridge II Wind Facility is a 56-megawatt (MW) renewable project in the Mid-Atlantic region. The project was developed by Invenergy and utilizes 20 wind turbines manufactured by GE Renewable Energy. |
Sell | - |
