.
MergerLinks Header Logo

New Deal


Announced

BP to acquire 9GW pipeline of high-quality solar projects from 7X Energy fro $220m.

Financials

Edit Data
Transaction Value£155m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

solar power

solar assets

Friendly

United States

Pending

Renewable Energy Equipment

Acquisition

Single Bidder

Majority

Cross Border

Private

Synopsis

Edit

BP agreed to acquire 9GW pipeline of high-quality solar projects from 7X Energy, an independent US solar developer, for $220m. "With this purchase, we are continuing to put our strategy in action as we grow our renewables business in a deliberate and disciplined way. It brings us 9GW of high-quality solar projects in markets where we can create integrated renewable energy offers through our trading and customer franchises," Dev Sanyal, BP Executive Vice President of gas and low carbon energy.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US