Renewable Energy M&A: ECP Emerges as Top Candidate to Acquire Renewable Platform Atlantica Sustainable Infrastructure

Reports suggest that Energy Capital Partners (ECP) is in advanced negotiations with Algonquin Power & Utilities Corp. for the takeover of Atlantica Sustainable Infrastructure, a former subsidiary of the bankrupt Abengoa.

💼 Sale Details:

– Potential Enterprise Value: >$7bn (including debt)

– Market Cap of Atlantica: ~$2.5bn (listed on NASDAQ)

– Sell-side Advisor: JP Morgan

🏢 Diversified Portfolio:

– Total Operating Capacity: Over 2.2 GW of renewable projects across four continents

USA: ~600 MW wind, 560 MW solar, 135 MW geothermal

Spain: ~630 MW solar

Uruguay: 150 MW wind, 10 MW solar

South Africa: 100 MW solar

– Development Pipeline: ~2.2 GW of renewable energy and 6.0 GWh of storage globally

💡 Industry Insights:

This potential acquisition follows a recent surge in demand for renewable energy platforms driven by private equity firms:

– KKR: Launched a bid to acquire Encavis AG for $5.1bn

– Sosteneo: Acquired a stake in Enel Libra Flexsys for $1.3bn

– Mitsubishi HC Capital: Bought a stake in European Energy for $1bn

– KKR: Also in discussions to acquire a stake in PG&E's power generation operations

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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