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New Deal


Announced

Pattern Energy to acquire SunZia Transmission Project from MMR.

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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Conventional Electricity

Friendly

transmission lines

United States

Pending

Domestic

Private

Acquisition

electricity

Majority

Single Bidder

Synopsis

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Pattern Energy, an operator of an energy company, agreed to acquire SunZia Transmission Project, an operator of an electricity transmission line project, from MMR, a provider of instrumentation and electrical construction, maintenance and technical services. Financial terms were not disclosed. “SunZia Transmission will create a clean power superhighway for millions of Americans by opening access to huge, largely-untapped wind energy resources in New Mexico. SunZia is an investment that will empower our clean energy future and generate millions of dollars in economic impact across Arizona and New Mexico. This revolutionary transmission line will be the conduit for the largest wind project in US history, our 3k+ MW SunZia Wind facility. We are creating and implementing the largest clean energy infrastructure project in American history, demonstrating the vast potential of New Mexico’s wind power and the regions’ ability to bring large interstate infrastructure to reality," Mike Garland, Pattern Energy CEO.

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