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Hamel Renewables

Company Summary

Description

U.S. solar power development company, acquired and owned by Spain's Naturgy.

Operational Regions

  • United States

Related Entities

Recent news

  • 1/15/2021 - Naturgy Investing $1.8B... (subscriber access)

Company Transactions

Date: 1/15/2021
Type: Acquisition

BUYERS:
  • Naturgy Energy Group S.A.
    • SELLERS:
  • Hamel Renewables
    • DETAILS:

    COST: 57 $MM

    NOTES:
    Spain's Naturgy has announced plans to invest $1.8 billion into U.S. solar power development over the next five years. They kicked off this initiative with the acquisition of Hamel Renewables for $57 million, including debt. Tacked onto that deal is an agreement with Candela Renewables to develop an 8-GW portfolio of solar power and 4.6-GW in battery storage.
    REGIONS:
  • United States