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.