Renewable Energy M&A: EE valued at a staggering 27.5 times EBITDA, following a $1 billion equity capital infusion from Mitsubishi

published on 22 January 2024

💼 This EBITDA multiple reflects the value of European Energy's 60GW development pipeline. The company's assets, primarily located in Europe, are predominantly utility-scale solar assets, comprising about 80% of the pipeline. The remainder includes onshore, offshore wind, and power-to-X projects, adding further diversity to the company's growth potential.

💰 Prior to this deal, the highest valued deal in Europe based on Last-Twelve-Month (LTM) earnings was Macquarie's acquisition of France-based Reden Solar in March 2022 at an EBITDA multiple of 18X.

🌍 Companies like Mitsubishi are willing to make significant investments in platforms with large development pipelines in high-potential markets such as Europe, to rapidly expand their presence.

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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