OwnEnergy Acquired by EDF Renewable Energy
On August 25, 2015, EDF Renewable Energy announced that it has completed its acquisition of OwnEnergy, a national developer of mid-sized wind projects. Wilson Sonsini Goodrich & Rosati represented OwnEnergy in the transaction.
The transaction encompasses 100 percent of OwnEnergy's assets, including its pipeline of future wind projects. OwnEnergy has a successful development track record, with eight wind projects either in construction or in an operating phase. These projects represent 329 megawatts of developed wind energy assets sold to third parties. In addition, the company has built a robust portfolio of development assets through its innovative local partner business model.
The WSGR team that represented OwnEnergy in connection with the transaction was led by Sacha Ross and included Bob O'Connor, Peter Mostow, Mark Holloway, Roy Moran, Peter Zaffaroni, Greg Broome, Sriram Krishnamurthy, and Keene O'Connor.
For more information, please see the companies' joint press release.