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New Deal


Announced

Banpu Energy to acquire two Australian solar farms of New Energy Solar for A$288.

Financials

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Transaction Value£157m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

Acquisition

Australia

Majority

Friendly

solar farms

Single Bidder

Domestic

Private

Renewable Energy Equipment

Synopsis

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Banpu Energy, an energy company, agreed to acquire two Australian solar farms of New Energy Solar, a renewable energy development company, for A$288 ($223m). Following the divestment, New Energy Solar will operate solely in the US, where utility-scale solar deployments are expected to reach a new high in 2021 thanks to state support mechanisms for renewable energy projects.

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