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Announced

WEC Energy Group to acquire a 80% stake of Samson I Solar Energy Center for $250m.

Financials

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Transaction Value£201m
Consideration TypeCash
Capital Owned-
Capital Bid For80%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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solar energy farm

Private

Majority

Domestic

Friendly

Alternative Fuels

Pending

United States

Acquisition

Single Bidder

Synopsis

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WEC Energy Group, an electric and natural gas delivery company, agreed to acquire a 80% stake of Samson I Solar Energy Center, a solar energy generation facility, for $250m. "The Samson Solar project is an exciting addition to our Infrastructure business and highlights our continued investment in affordable, reliable and clean energy. This project will help one of the world's largest telecommunications companies meet their clean energy needs for years to come," Gale Klappa, executive chairman.

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