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
âš¡ 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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