TRANSACTION OVERVIEW

  • On October 3, 2016, Scatec Solar ASA (“Scatec”)
    announced the sale of its 80 MW Utah Red Hills
    Solar Power Plant to Macquarie Infrastructure
    Corporation (“MIC”)

SCATEC OVERVIEW

  • Scatec is an integrated independent solar power
    producer, delivering affordable, rapidly deployable
    and sustainable energy worldwide
  • Scatec develops, builds, owns, operates and maintains
    solar power plants, and has an installation track record
    of ~600 MW
  • The company produces electricity from 322 MW of
    solar power plants in the Czech Republic, South Africa,
    Rwanda, Honduras and Jordan, and is growing quickly
    with a project backlog and pipeline of 1.8 GW under
    development in the Americas, Africa, Asia and the
    Middle East
  • Scatec is headquartered in Oslo, Norway and listed
    on the Oslo Stock Exchange (ticker: SSO)

 

MIC OVERVIEW

  • MIC owns, operates and invests in a portfolio of
    infrastructure businesses
  • MIC’s businesses consist of an airport services (FBO)
    business, one of the largest bulk liquid terminalling
    businesses in the U.S., a gas processing and distribution
    business, and a portfolio of contracted gas-fired, wind
    and solar power facilities in the U.S.
  • MIC is headquartered in New York and listed on the
    NYSE (ticker: MIC)

GCA’S ROLE

  • GCA served as exclusive financial advisor
    to Scatec
  • GCA was closely involved in all aspects
    of the transaction, including structuring,
    valuation, due diligence and negotiation
  • GCA’s deep market knowledge and
    connectivity helped Scatec run a highly
    competitive process and maximize value

WHAT THE TRANSACTION MEANS
FOR THE ENERGY SERVICES SECTOR

  • The sale process attracted significant
    interest from a diverse universe of
    domestic and international buyers,
    highlighting the emergence of stabilized
    renewable energy infrastructure as a
    standalone, highly investable asset class