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Nova Clean Energy completes acquisition of HyFuels Portfolio from BNB Renewables

PRIVATEApr 16, 2024

Acquiring Company

Nova Clean Energy

Acquired Company

BNB Renewable Energy

United StatesExtonEnergyRenewable EnergySolarEnergyRenewable EnergySolar

Description

Nova Clean Energy (Nova) announced the acquisition of HyFuels, a more than 1 gigawatt portfolio of mid-to-late-stage wind and solar development projects as well as an earlier stage green ammonia project located on the Texas Gulf Coast. This acquisition strengthens Nova's position in the renewable energy industry and aligns with its plan to deliver 10 GW of renewable power by 2030.

Quick answer

Nova Clean Energy is acquiring BNB Renewable Energy, announced April 16, 2024. Nova Clean Energy is based in United States.

How much did Nova Clean Energy pay for BNB Renewable Energy?
The deal value was not disclosed.
What does Nova Clean Energy do?
Nova Clean Energy (Nova) is a U.S.-focused wind, solar and battery-storage developer with offices in Chicago and Austin.
Where are Nova Clean Energy and BNB Renewable Energy based?
Nova Clean Energy is based in United States. BNB Renewable Energy is based in Exton, Pennsylvania, United States.
Who are the decision-makers at Nova Clean Energy?
Fundz holds 1 contact at Nova Clean Energy. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Nova Clean Energy

Location

United States

About

Nova Clean Energy (Nova) is a U.S.-focused wind, solar and battery-storage developer with offices in Chicago and Austin. Since its formation in 2022, Nova has been executing on its plan to deliver 10 GW of renewable power by 2030 through a combination of develop/own/operate, develop/sell, and develop/build/transfer with utility partners. The Nova team comprises approximately 25 professionals with a multi-decade track record in delivering major power projects across the U.S. Nova is a portfolio company of Bluestar Energy Capital.

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Frequently asked

Who acquired BNB Renewable Energy?

BNB Renewable Energy was acquired by Nova Clean Energy, based in United States. The deal was reported on April 16, 2024. Nova Clean Energy (Nova) is a U.S.-focused wind, solar and battery-storage developer with offices in Chicago and Austin. Nova Clean Energy is privately held and operates in Energy.

When did Nova Clean Energy acquire BNB Renewable Energy?

Nova Clean Energy's acquisition of BNB Renewable Energy was reported on April 16, 2024. Nova Clean Energy (Nova) announced the acquisition of HyFuels, a more than 1 gigawatt portfolio of mid-to-late-stage wind and solar development projects as well as an earlier stage green ammonia project located on the Texas Gulf Coast. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does BNB Renewable Energy do?

It is privately held, operating in Energy, and is based in Exton.

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