547 Energy, Quantum Capital Group’s renewable energy investment fund, is reportedly looking to sell Spain-based offshore wind developer BlueFloat Energy for approximately €500mn. The company has enlisted Royal Bank of Canada (RBC) as a financial advisor to facilitate the sale.
🌍 Portfolio Highlights:
-- Strong Pipeline: Over 34 GW of bottom-fixed and floating projects.
-- Diversified: Projects spread across 10 countries on 4 continents.
-- Key Markets:
* Australia: 6.6 GW
* Italy: 5.5 GW
* UK: 5.1 GW
* Colombia: 2.1 GW
* New Zealand: 1.7 GW
* Spain: 1.3 GW
* Taiwan: 1 GW
-- 🏆 Milestones for 547 Energy:
* This potential deal will mark the second investment realization for 547 Energy.
* In March 2024, 547 Energy sold US renewable firm ConnectGen to Repsol for $768 million.
* Current Holdings: Aer Soléir, ENORA, and NetOn.
🔍 Sector Insights:
* Emerging Markets: Enerdatics notes a significant portion of BlueFloat Energy’s portfolio is in emerging offshore wind markets such as Spain, Italy, Australia, and New Zealand.
* Government Support: These markets benefit from substantial government support, including subsidies, tax rebates, and revenue support.
* Strategic Fit: Ideal for existing offshore wind players with development expertise, looking to diversify into high-growth markets.
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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