Renewable Energy M&A: EDP sells solar portfolio in Texas at $1.47mn/MW, representing an 18% premium over precedent transaction

published on 09 January 2024
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Deal: EDP has successfully offloaded an 80% stake in a 340 MW operational solar asset portfolio in the US, fetching $400 million. This sale translates to a notable $1.47mn/MW.

Analogous Deal: Enerdatics highlights a comparable transaction: Invenergy's divestiture of an 80% interest in the 250 MW Samson I solar project to WEC Energy for $250mn, announced last year.

Contrasting Metrics: While both deals involve assets with similar maturity, power sale agreements, and remaining contractual life, EDP's transaction stands out with an approximately 18% higher valuation compared to the Invenergy deal.

To gain a deeper insight into M&A trends at the corporate and asset level globally, request a trial of the Enerdatics Energy Transition M&A database today.

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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