Top 15 European Solar PV Transactions


Rank Seller Buyer Deal Value (est. M$)* Project Size (MWp) Assets Country State/City Date
1 Abengoa Abengoa Yield 277 100 2 Spain Extremadura 7/27/2015
2 Primrose Solar BSIF 197.7 94.5 4 UK Hampshire, Kent and Sussex 1/25/2016
3 Antin Solar Investments Quercus 310 77.1 9 Italy Lazio, Sicily and Puglia 12/21/2015
4 BayWa r.e. Allianz Global Investors 150 58 6 France Bordeaux 12/21/2015
5 GP Joule GmbH Aquila Capital 171.3-209.4 57.3 6 France Aquitaine region, near Bordeaux 5/27/2015
6 CogiPower Spa F2i Fondi Italiani per le Infrastrutture 167.5-204.7 56 n.a. Italy Mainly in Sicily 6/30/2015
7 Hanwha Q-Cells GmbH (f.k.a. Q-Cells SE) / Ingenious Clean Energy Income Plc / AGRenewables Ltd. NextEnergy Solar Fund 89.5 53 3 UK Fenland, Green End, Tower Hill 1-11-2016
8 Grid Essence Holdings Ltd. Capital Stage AG 103 53 7 UK South West of England and Wales 2-12-2015
9 Trina Solar Ltd. Bluefield Solar Income Fund (BSIF) 84 49.9 1 UK Norfolk 7-6-2015
10 E.ON SE F2i Fondi Italiani per le Infrastrutture 147.3-180.0 49 7 Italy Italy 2/19/2015
11 DGE, INCJ and other shareholders Sonnedix 143.5-175.4 48 22 Italy All over Italy 3/18/2016
12 Kinetica Solar Fengate Capital Management 110 46 2 UK North Lincolnshire, Cumbria 12-2-2015
13 RWE AG Foresight Solar Fund Ltd. 84 37 1 UK Oxfordshire 3/30/2015
14 ReneSola Co. Ltd Foresight Solar Fund Ltd. 104.3-127.5 34.7 1 UK Wiltshire 8/27/2015
15 Conergy AG Luxcara GmbH 58 34.4 5 UK Unkown 2/16/2016

*Some values are based on global estimates


Rank Remarks
1 The transaction was not subject to financing by the purchaser
2 94.5MWp in Hampshire (48MWp), Kent (17MWp and 18MWp) and Sussex (11.5MWp); The acquisitions have been fully funded through utilisation of the credit facility, which is now drawn for a total of approximately GBP139 million
3 This case was a company acquisition but the value of the plants was estimated to be 310 million dollars.
4 Plants will probably produce enough to power approximately 20,000 French households.
5 This estimate is based on an acquisition multiple of $3.34 million per MW for operational solar PV projects, which has been estimated by analysing acquisitions of global operational solar PV projects in 2H13, for which deal values have been disclosed.
6 This estimate is based on an acquisition multiple of $3.34 million per MW for operational solar PV projects, which has been estimated by analysing acquisitions of global operational solar PV projects in 2H13, for which deal values have been disclosed; About 70% of the capacity bought from E.ON is on the island of Sardinia, where irradiation reaches high levels.
7 The portfolio comprises the 20.4MWp Fenland, the 24.8MWp Green End, and the 8.1MWp Tower Hill.
8 Two of the plants sold where not yet connected to the grid.
9 No comment
10 This estimate is based on an acquisition multiple of $3.34 million per MW for operational solar PV projects, which has been estimated by analysing acquisitions of global operational solar PV projects in 2H13, for which deal values have been disclosed. Acquisition contained the purchase of the entire branche of the company, which included the solar assets.
11 This estimate is based on an acquisition multiple of $3.34 million per MW for operational solar PV projects, which has been estimated by analysing acquisitions of global operational solar PV projects in 2H13, for which deal values have been disclosed. , DGE is a wholly owned subsidiary of Mitsubishi Corporation
12 No comment
13 The power plant is located on a disused airfield in Oxfordshire, England,
14 Although the company did not disclose full details of financing, it did confirm that more than $230 million raised in a 2013 IPO was used to fund the purchase.
15 The plants were built on land with symbolic vaue: retired coalmines and exhausted farmlands
Rank Sources Sources
1 https://globenewswire.com/news-release/2015/07/27/755064/10143196/en/Abengoa- announces-its-fourth-assets-sale-to-Abengoa-Yield.html .
2 http://www.primrosesolar.com/news/2016/01/27/primrose-solar-sells-four-solar-farms- totalling-94-5-mw-to-the-bluefield-solar-income-fund/ http://www.iii.co.uk/stockmarketwire/290695/bluefield- solar-income-acquires-six-plants
3 http://www.businesswire.com/news/home/20151221005465/en/Quercus-Successful- Competitive-Bid-Acquire-Antin-Solar .
4 http://www.pv-magazine.com/news/details/beitrag/allianz-global-investors-acquires-58- mw-solar-park-portfolio-in-southern-france_100017510/#axzz434ETFMgh .
5 http://www.aquila-capital.de/en/company/press/presse-article/aquila-capital- akquiriert-groes-solarprojekt-in-sdfrankreich http://www.windkraft-journal.de/2015/05/27/gp-joule-verkauft- solarpark-in-frankreich-an-aquila-capital
6 http://www.pv-tech.org/news/f2i_to_acquire_56mw_of_italy_pv_plants_from_cogipower_spa .
7 http://www.lse.co.uk/AllNews.asp? code=0n2wvdwk&headline=NextEnergy_Solar_Fund_Acquires_Trio_Of_Operating_Plants .
8 http://www.capitalstage.com/fileadmin/user_Documents/Halbjahresfinanzberichte/Halbjahresbericht2015_EN.pdf http://www.prnewswire.com/news-releases/hanwha-q-cells-sells-uk-solar-power-plant-portfolio-of-533-mwp-to-nextenergy-solar- fund-300203536.html
9 http://www.londonstockexchange.com/exchange/news/market-news/market-news- detail/BSIF/12414723.html .
10 http://www.f2isgr.it/en/allegati/comunicati_stampa/CS73_ENG.pdf .
11 https://ijglobal.com/articles/99858/sonnedix-snaps-up-48mw-italian-photovoltaic- portfolio .
12 http://www.prnewswire.co.uk/news-releases/fengate-capital-management-acquires-uk- solar-parks-559971271.html .
13 http://www.pv-magazine.com/services/press-releases/details/beitrag/foresight-solar- fund-limited--completion-of-the-acquisition-of-kencot-solar-plant-_100018931/#axzz45i9aUgkw .
14 http://www.finanznachrichten.de/nachrichten-2015-10/35179436-renesola-sells-16-5-mw- uk-pv-plant-to-foresight-solar-fund-451.htm http://www.pv-magazine.com/news/details/beitrag/foresight- solar-fund-snaps-up-347-mw-uk-solar-farm_100020840/#axzz45ijBDpZG
15 http://news.photon.info/en/news/luxcara-acquires-344-mw-pv-projects-uk-conergy .

Projects are updated until 01 April, 2016
 

Disclaimer: This overview is provided by Solarplaza International BV ("Solarplaza") as a service to its customers on an "as-is, as-available" basis for informational purposes only. Solarplaza assumes no responsibility for any errors or omissions in these materials. Solarplaza makes no commitment to update the information contained herein.

This overview is protected by copyright laws, and may only be reproduced, republished, distributed, transmitted, displayed, broadcast or otherwise exploited in any manner only by accrediting Solarplaza as the source of it and providing a full hyperlink to www.solarassetmanagementeu.com where it was originally published.

Should you have any remarks, please contact Saul Oost at saul@solarplaza.com or tel. +31 10 280 9198