A development and operating company (“the Company”) focuses on North American infrastructure with over 40,000 MW of competitive power generation. The Company’s fleet includes solar, wind, hydro, natural gas-fired, and battery storage generation projects, and it has invested over $8 billion in equity capital in the North American power industry.
A U.S. power and energy infrastructure owner purchased a power portfolio of over 3,800 MW of generation assets in the northeastern U.S.
The portfolio consists of the following four power generation facilities included in the transition:
Opportune LLP was engaged to manage and implement the carve-out of the assets from the seller. A few highlights included:
READ MORE: Downstream: Process & Technology: M&A IT Transition
Opportune was uniquely qualified to handle IT and SCADA operations because of our extensive knowledge of power plant operations. This experience and knowledge provided us with the necessary resources to transition these assets without impacting the Company’s daily operations.
The M&A process for power plants presents new challenges depending on the age and location of the acquired asset. Each asset comes with its own set of challenges, especially when acquisitions involve companies that have operated assets for decades and have heavily integrated the assets within their infrastructure that don’t transfer with the purchased asset. Sellers provide additional challenges when hardware needed to operate the asset is not included with the sale of the asset and replacement is required during the sale date or the end of the transition services agreement. For more information, CLICK HERE.
When you choose Opportune, you gain access to seasoned professionals who not only listen to your needs, but who will work hand in hand with you to achieve established goals. With a sense of urgency and a can-do mindset, we focus on taking the steps necessary to create a higher impact and achieve maximum results for your organization.Leadership
Find out why the new landmark legislation should provide a much-needed boost for the development of carbon capture.