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New Deal


Announced

Starwood Energy Group Global to acquire a 252MW portfolio of operating renewable assets from Consolidated Edison.

Financials

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

Tags

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Private

Domestic

Private Equity

Friendly

Pending

wind farms

United States

Infrastructure

Single Bidder

Majority

Alternative Electricity

Acquisition

renewable energy assets

solar energy

Synopsis

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Starwood Energy Group Global, a private investment firm focused on energy infrastructure, agreed to acquire a 252MW portfolio of operating renewable assets from Consolidated Edison, a provider of energy-related products and services. Financial terms were not disclosed. "Our relationship with ConEd goes back many years across many different verticals, and we're excited to build on that foundation with this transaction and our continued partnership. These projects add geographic and resource diversity to our existing renewables platform, in addition to significant opportunities for future growth and optimization," Alex Daberko, Starwood Energy Managing Director.

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