.
MergerLinks Header Logo

New Deal


Announced

Completed

Ocean Winds completed the acquisition of the remaining 50% stake in SouthCoast Wind Energy from Shell Energy.

Financials

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

Tags

Edit

Single Bidder

Friendly

Completed

United States

offshore wind

Renewable Energy Equipment

Acquisition

Domestic

Private

Majority

Synopsis

Edit

Ocean Winds, an offshore wind energy company, completed the acquisition of the remaining 50% stake in SouthCoast Wind Energy, a proposed offshore wind farm, from Shell Energy, a supplier of gas, electricity and broadband. Financial terms were not disclosed. "In-line with our Powering Progress strategy, Shell continues to hone our portfolio of renewable generation projects in key markets where we have an advantaged position. We are grateful to Ocean Winds for their years of partnership within this venture, and continue to seek opportunities to provide more energy, with fewer emissions," Glenn Wright, Shell Energy Senior Vice President.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

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

CONTACT US