Atlantica Sustainable Infrastructure Plc’s Post

⚡ Cost of Capital => PV vs Gas-Fired in emerging countries   According to a 2023 survey conducted by International Energy Agency (IEA), “the weighted average cost of capital (WACC) for utility-scale solar power projects was either the same or lower than those for gas-fired projects; which is the result of a combination of high fuel prices, policy support for renewables and the fact that PV and storage projects are on demand. This IEA´s survey considers those projects that have reached final investment decision (FID) over the last 3 years. The graph below, shows the "cost of capital by project type in selected countries in 2022"    📌Link to the full article: https://lnkd.in/d6w4Bx8i   ⚡ AtZ Investment Partners Energy & Infra is a financial advisory boutique with a focus on USA, Europe and Latin America:. We advise on financial structuring to raise debt and equity and, with our own technological platform and data base, we help developers that are looking for partners and/or investors for pre- or post-RTB projects #pv #solarenergy #solarpower #storage #ESS #investments #projectfinance #FID #WACC

This Week in Energy: Must-Read Insights! 📰 -- Valuation Premium! Analyze EDPR's $2.2mn/MW Wind Divestment in Europe, announced at a Significantly Above-Market Deal Multiple https://lnkd.in/g8Mmar8A -- $1.53mn/MW Peak Valuation: Analyzing the Optimal Exit Strategy for Operating Onshore Wind Projects in the US, Since 2020 https://lnkd.in/gRs94ZRX -- $400mn Wind M&A: Does Colbun's Latest Deal in Chile Signify a Strategic Shift from Greenfield Development to Inorganic Expansion? https://lnkd.in/gVsszdAH -- $0.1mn/MW Valuation - Exploring a Solar M&A Opportunity in Romania at Below-Market Price! https://lnkd.in/gpNHn2Q6 -- $0.9mn/MW Valuation! Does Amperisol Renewables' Recent Solar Acquisition in Spain Align with Comparable Transactions? https://lnkd.in/gCMx_eGD #RenewableEnergy #WindPower #CleanEnergy #EnergyInvestment #MarketAnalysis #FinancialAnalysis #WindEnergy #EuropeanMarket #InvestmentStrategy #BusinessStrategy

The Downing Estate Planning Service (DEPS) has acquired a portfolio of 20 wind turbines in northeastern Sweden, boosting the portfolio’s exposure to wind energy to c.11%. This strategic move marks its first venture into the Swedish market, further diversifying the portfolio by geography. This acquisition is part of an overall strategy to diversify the renewable energy portfolio by technology, geography and revenue stream - with the aim of providing stable returns to investors seeking IHT relief. Find out more about DEPS here: https://lnkd.in/ghwnc2Kf Capital at risk, returns not guaranteed. Read about the acquisition here: https://lnkd.in/gcxXJ7_8 #RenewableEnergy #Investment #Renewables

Energy sector M&A activity The energy sector is coming off of its best-ever recorded quarter in Q4 2023, when it posted $201.0 billion in deal value. While Q1 deal value has fallen below the record-setting fourth quarter of 2023, it remains well above the four quarters recorded from Q4 2022 to Q3 2023. The first quarter wrapped with 394 deals announced or closed, adding to a total value of $86.0 billion. Median deal size within the energy sector has reached a new peak, increasing to $99.4 million in the first quarter of the year.   In March, KKR agreed to take German electricity and energy producer Encavis private for $3.0 billion. Encavis operates 40 onshore wind farms and 190 solar farms across Europe. Similarly, Stonepeak agreed to acquire a 50% stake in Dominion Energy’s Coastal Virginia Offshore Wind (CVOW) project for $3.0 billion. #mergerandacquisitions #energy

𝐒𝐢𝐦𝐢𝐥𝐚𝐫 𝐝𝐞𝐚𝐥𝐬, 𝐝𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐭 𝐯𝐚𝐥𝐮𝐚𝐭𝐢𝐨𝐧𝐬: Grenergy’s 300 MW solar portfolio sale to Allianz for $286mn compared to a similar under-construction asset deal 4 months ago. 𝐂𝐮𝐫𝐫𝐞𝐧𝐭 𝐝𝐞𝐚𝐥: 300 MW sold at $0.95 million per MW 𝐏𝐫𝐞𝐯𝐢𝐨𝐮𝐬 𝐝𝐞𝐚𝐥: 150 MW sold at $1.22 million per MW (Belinchon solar plant) 𝐔𝐧𝐥𝐨𝐜𝐤𝐢𝐧𝐠 𝐭𝐡𝐞 𝐕𝐚𝐥𝐮𝐚𝐭𝐢𝐨𝐧 𝐌𝐲𝐬𝐭𝐞𝐫𝐲: 𝐓𝐡𝐞 𝐏𝐏𝐀 𝐅𝐚𝐜𝐭𝐨𝐫 🔐 The key factor driving the variance in valuation? The type of PPA. The previous deal's utility PPA perhaps secured a higher power sale price and hence higher valuation, whereas the current corporate PPA is resulting in a lower valuation. With the corporate PPA market in Spain being highly competitive and power prices lower, developers are on the lookout for strategies to enhance asset valuation. And here’s where utility PPAs shine, offering a pathway to higher valuations.💰 #SolarDeals #ValuationComparison #CorporatePPA #RenewableInvestment #EnergyMarket

Here's a powerful illustration of how clients rely on Enerdatics for profound data analytics, which they can seamlessly integrate into their business models and deal negotiations, while using other sources to track news🌐📈 #DataAnalytics #BusinessInsights #EnerdaticsAdvantage"

📊 𝐏𝐏𝐀 𝐓𝐫𝐚𝐜𝐤𝐞𝐫 𝐌𝐚𝐲 ‘24 – Europe’s deal count increased 14% month-on-month with good maintenance of disclosed volumes May proved another strong month for the European PPA Market, with a mix of recurring trends such as elevated demand from tech and exotic developments such as the geographical expansion of solar-plus-storage Hybrid PPAs! 💡 We recorded a total of 1,537MW of 𝐝𝐢𝐬𝐜𝐥𝐨𝐬𝐞𝐝 𝐜𝐨𝐧𝐭𝐫𝐚𝐜𝐭𝐞𝐝 𝐯𝐨𝐥𝐮𝐦𝐞𝐬 across 32 PPA announcements 💡 𝐓𝐨𝐩 𝐃𝐞𝐚𝐥 𝐨𝐟 𝐭𝐡𝐞 𝐌𝐨𝐧𝐭𝐡: Amazon to offtake 596MW of Spanish solar linked to 11 onshore wind and solar pv assets, from an undisclosed counterparty 💡 𝐅𝐫𝐚𝐧𝐜𝐞’𝐬 𝐢𝐧𝐚𝐮𝐠𝐮𝐫𝐚𝐥 𝐬𝐨𝐥𝐚𝐫-𝐩𝐥𝐮𝐬-𝐬𝐭𝐨𝐫𝐚𝐠𝐞 𝐇𝐲𝐛𝐫𝐢𝐝 𝐏𝐏𝐀 proves that the concept expands beyond the usual suspect jurisdictions, while Austria and Romania complete the month’s highlights Jump into our more recent PPA Times Edition to access the only publicly available commentary on Europe’s PPA deal flow directly from your account (for existing 𝐏𝐞𝐱𝐚𝐐𝐮𝐨𝐭𝐞 subscribers) 👉 : https://lnkd.in/eardtbMw If you don't yet have an account with us, follow this link to create your free account 👉 : https://lnkd.in/d5H6VEv #ppa #renewableenergy #renewables #marketintelligence #ppatimes #energytransition

Valuation Premium! Analyze EDPR's $2.2mn/MW Wind Divestment in Europe, announced at a Significantly Above-Market Deal Multiple🌟 Enerdatics data reveals that EDP Renewables’ last four onshore wind asset sales in Europe achieved multiples between $2.2mn to $2.85mn per MW—significantly above the median for similar transactions in Europe during the respective years. 🔍 Strategic Sales: EDPR is capitalizing on newly operational assets in high-growth markets like Poland, Italy, and Portugal, where investor interest is rapidly rising, to command premiums. 📈 Recent Success: EDPR's latest divestment under the Asset Rotation Program involved a 191 MW wind portfolio in Italy, sold for an enterprise value of $428mn. The portfolio included seven wind farms, primarily contracted under CfD, with an average operational maturity of 1.4 years. #RenewableEnergy #WindPower #CleanEnergy #SustainableInvesting #EnergyTransition #EDPRenewables #WindEnergy #AssetDivestment #EnergyMarkets #GreenEnergy #HighGrowthMarkets #InvestInRenewables #RenewableEnergyNews #SustainableFuture #EnergyInnovation

🌍 $1.9mn/MW Deal Multiple in Spain! Does Northland Power's Targeted Deal Valuation for 15-year old Onshore Wind Assets Align with Comparable Precedents? Yes, it does. Here's a detailed overview: Northland Power Inc. Power potential sale comprises a 559 MW portfolio, predominantly consisting of onshore wind assets. These assets have been operational for over 15 years and are either contracted under Spain’s regulated remuneration schemes (average remaining contract period of 5 years) or are operating in the merchant market. To validate this valuation, we can look at two of EDPR's similar onshore wind sales in Spain from the Enerdatics M&A database: – 257 MW portfolio (operational life of 14 years) to Verbund in Jul'23, at $1.9mn/MW – 181 MW portfolio (operational life of 12 years) to China Three Gorges in Nov'21, at $1.9mn/MW These transactions illustrate that Northland Power’s anticipated valuation aligns with current market trends, confirming consistency with observed benchmarks. #RenewableEnergy #WindEnergy #GreenEnergy #SustainableInvesting #MergersAndAcquisitions #MarketTrends #EnergyValuation #OnshoreWind #NorthlandPower #SpainRenewables #NorthlandPower #EDPR #Verbund #EnergyMarket #CleanEnergy #RenewableAssets #EnergyTransition