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.
The above analysis is proprietary to Enerdatics’ energy analytics team, based on the current understanding of the available data. The information is subject to change and should not be taken to constitute professional advice or a recommendation.
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