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Scout Clean Energy Acquires 369 Mwdc Illinois Solar Project

Dec 30, 2021•almost 4 years ago

Acquiring Company

Scout Clean Energy

Acquired Company

Solar Project

TransportationEnergySustainability

Description

Scout Clean Energy ("Scout"), a Colorado based renewable energy developer, owner and operator is pleased to announce the acquisition of the utility-scale Blue Sky Solar ("Blue Sky") project from its original developer, RES (Renewable Energy Systems). The approved development plans call for the installation of a 369 MWdc solar facility to be located on 2,700 acres of land in Grundy County, IL.

Company Information

Company

Scout Clean Energy

About

Scout Clean Energy (www.scoutcleanenergy.com) is a renewable energy developer, owner-operator headquartered in Boulder, Colorado with over 1,200 MW of operating assets. Scout is actively developing a portfolio of over 12,000 MW of onshore wind, solar PV, and battery storage projects across 17 US states. Scout has expertise in all aspects of renewables project development, permitting, power marketing, finance, construction, 24/7 operations, and asset management. Scout is a portfolio company of Quinbrook Infrastructure Partners.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed