Renewable Energy M&A: US Offshore Wind- Offtake Type and Lifecycle's Impact on Valuation

published on 24 October 2023

In 2023, US offshore wind valuations varied notably due to two key drivers: project lifecycle stage and secured revenue streams. Here are multiples for three transactions:

💡 Total's Divestment: 44% stake in Attentive Energy, US, at $0.3 million/MW

⚡ Orsted's May Acquisition: 50% of Lease Area OCS-A 500 at $0.3 million/MW

🌟 Orsted's January Purchase: 25% stake in Ocean Wind 1 at $0.9 million/MW

Ocean Wind 1's Advantage: Advanced in the regulatory approval process with a firm OREC contract at $116.82/MWh, at the time of the deal.

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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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