US offshore wind M&A: Identifying strategic acquisition opportunities for creating value amid economic headwinds

updated on 17 November 2023

Enerdatics has analyzed offshore wind assets in the US with the aim of identifying strategic acquisition opportunities. Our findings indicate that the optimal acquisition targets are those projects in the pre-FID stage with a PPA of over $100/MWh, as well as early-stage projects that have not yet participated in tenders for a PPA. Assets that fall under either of the two criteria present a value-accretive investment opportunity for investors and existing project developers to navigate challenging market conditions. The recent success of the Attentive Energy wind farm in securing a PPA at an attractive tariff has generated optimism and increased interest in early-stage projects.

We have also profiled assets that are actively looking to bring on equity partners. Our observations indicate that these projects are typically approaching their FID stage, and as they progress towards construction, developers are seeking equity partners to avoid tapping the costly debt market and improve the asset-level economics.

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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