Case Study
“BEHUS is the inaugural transaction of the strategic partnership with Eni that closed in March 2020 and fits squarely into our joint business plan, contributing to the sustainable growth targets of both partners.”
Acquisition of Building Energy Holdings US (BEHUS) by Falck Renewables and Eni New Energy inaugurating the newly formed JV between the two parties
Acquisition of 62 MW operating wind and solar and up to 160MW development pipeline
Falck will provide technical expertise and asset management capabilities to support BEHUS and optimize the management of the assets
Established a bilateral discussion between the two parties and structured the transaction
Provided close advisory services to Building Energy and BEHUS Management to coordinate buyer due diligence and negotiate transaction terms with Falck Renewables and Eni New Energy US
Demonstrated capabilities to identify a motivated buyer to execute a smooth and expedited transaction in a challenging environment
Supports Falck Renewables in strengthening its development team in the US and adds to its US presence with operating assets
Key transaction for Eni in achieving its decarbonization strategy, aiding the business in its transition to produce more energy from renewable sources
Supports Eni towards its 2023 target of 3 GW installed capacity