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Renewables
Mohit Kaul
Mohit Kaul
Top Contributor
·Posted in Renewables
Mon, Feb 12

Acquisitions of GW-scale renewables platforms soar, with 13 deals valued at more than 10X LTM EBITDA, since 2023

Enerdatics' latest analysis of corporate transactions involving platforms holding GW-scale solar, wind, and battery pipelines reveals an interesting trend: significant growth in LTM EBITDA multiples.

📈Growth Trajectory: The number of deals valued over 10X Last-Twelve-Months (LTM) EBITDA jumped from 7 in 2022 to 13 deals since 2023, signaling not just growth but accelerated interest.

📆Strategic Acquisitions: Behind this surge are strategic moves by PE powerhouses like Brookfield and KKR, as well as industry veterans such as Statkraft and Equinor.

💰The Attraction: These acquisitions target platforms with extensive development pipelines, capitalizing on economies of scale and reduced procurement costs.

📊Market Dynamics: This activity highlights a competitive landscape where high EV/EBITDA valuations become the norm, driven by attractive bids from multiple parties.

💭How do you interpret these trends?