Case Studies


Sale of Scatec’s 80 MW Utah Red Hills Solar Power Plant to Macquarie

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)

GREENTECH’S ROLE

  • Greentech served as exclusive financial advisor to Scatec
  • Greentech was closely involved in all aspects of the transaction, including structuring, valuation, due diligence and negotiation
  • Greentech’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

Other Case Studies