Private equity capital is driving deal activity for offshore wind assets globally, since 2023, while IPPs catch up

updated on 04 March 2024
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Since 2023, private equity (PE) has been a dominant force in global offshore wind transactions, commanding a 50% share. Octopus Energy, Equitix Group, and Greencoat are directing their investments towards operational assets in established European markets like the UK, Germany, and the Netherlands. Concurrently, Ingka Group, CIP, and GIP are redirecting their attention to developmental assets in emerging markets such as the US and Nordics. Listed independent power producers (IPPs) like RWE and Orsted are strategically positioning themselves in both Europe and the US, focusing on development assets amidst macroeconomic challenges like elevated interest rates and supply chain constraints. 

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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