There were signs even before the outbreak of the Covid-19 pandemic that the dynamic of the market for renewable energy assets had shifted in favor of buyers, and the recent flurry of sale processes kicking off despite travel restrictions and lockdowns will have done nothing to tip the scales in the other direction.
“Is it a buyer’s market again?” wondered an official at a developer at the end of April, inundated with project marketing. “Are you following the craze?” High quality assets will, of course, still draw competitive bids, say deal watchers. But projects that are less of a slam dunk could be easy pickings for enterprising investors.
One thing appears certain: Coronavirus has not dampened the spirits of developers looking to cash in. Check out our coverage of all the latest auctions:
Cross-border DG solar portfolio auction launched
Ontario-based Grasshopper Solar is marketing a nearly 150 MW (DC) distributed solar portfolio spread across Canada and the US.
Swift Current launches sale of Texas wind project
Boston-based renewables developer Swift Current Energy has launched an auction for a wind project in central Texas.
European developer markets US wind project
The US subsidiary of a European developer has launched a sale process for a wind farm in Texas.
RWE Texas wind sale advances to phase two
RWE Renewables is whittling down a short list of bidders to take into the second round of its sale of ownership interests in a portfolio of wind assets in Texas
Developer launches solar portfolio sale
A developer has launched the sale of a 100 MW portfolio of five contracted solar projects in North Carolina, the largest of which includes a battery storage system.
Deal struck for Oregon solar portfolio
London Stock Exchange-listed US Solar Fund has agreed to buy a 40 MW solar portfolio that is under construction in Oregon from developer Southern Current.
Developer takes bids for DG solar assets
A developer has received acquisition proposals for an operational portfolio of contracted, debt-financed commercial and industrial solar projects in the Midwest, as well as a pipeline of development-stage assets.
Fund manager puts Texas wind project on block
An energy infrastructure fund manager is preparing to receive bids in the auction of an operational wind farm in Texas.
PE firm markets contracted wind repowering project
An alternative investment firm has appointed a financial adviser to market a contracted wind repowering project in California.
Capital Power Closes Texas Wind Purchase
Capital Power Corp has closed its acquisition of the Buckthorn wind project in Texas from British infrastructure investor John Laing and the previous owner of a minority stake in the asset.