Case Studies


Sale of Renewable Choice Energy to Schneider Electric

TRANSACTION OVERVIEW

  • On January 18, 2017, Schneider Electric (“Schneider”) announced its acquisition of Renewable Choice Energy (“Renewable Choice”) for an undisclosed amount

RENEWABLE CHOICE OVERVIEW

  • Founded in 2001 and headquartered in Boulder, Colorado, Renewable Choice is an integrated renewable energy advisory platform providing comprehensive sourcing and advisory services to commercial and industrial customers
  • Renewable Choice supports corporate clients’ sustainability goals by recommending and developing portfolios of Renewable Energy Credits (RECs) and verified emission reductions (carbon offsets), as well as assisting with sourcing and execution of Power Purchase Agreements for renewable energy
  • Clients have included 160 of the Fortune 500 companies and other large global energy users, and Renewable Choice has connectivity to more than 115 major renewable energy project developers

SCHNEIDER OVERVIEW

  • Schneider is a EUR 38.4 billion market capitalization company established in 1836 and headquartered in France focused on energy management and automation solutions, spanning hardware, software and services
  • Schneider’s strategic objectives include combating climate change and helping to solve the global energy challenge by providing customers with smart energy solutions
  • Schneider serves customers globally in the Oil & Gas, Mining, Food & Beverage, Water & Wastewater, Healthcare, and Cloud & Service Providers sectors
  • Schneider generated EUR 26.6 billion of revenue in 2015 and has over 160,000 employees

GREENTECH’S ROLE

  • Greentech served as exclusive financial advisor to Renewable Choice and was closely involved in all aspects of the transaction, including structuring, valuation, due diligence and negotiation
  • Greentech’s deep industry relationships and extensive transaction experience allowed Renewable Choice to attract both strategic and financial buyers and run a highly competitive process

WHAT THE TRANSACTION MEANS FOR THE ENERGY SERVICES SECTOR

  • Schneider’s acquisition of Renewable Choice highlights the continued efforts of energy services providers to position themselves as trusted energy advisors covering the entire renewable energy landscape
  • This transaction also shows the increased interest by Corporates and C&I customers to diversify their energy strategies through renewable energy procurement

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