As the energy transition accelerates, the nature of doing business as a renewable project developer is evolving rapidly. In the early 2000s, a developer often assumed they were going to take a project from its greenfield stage through to construction. Today, things are very different. Projects routinely change hands between different developers once, and sometimes twice, before reaching commercial operation.
This maturation of the industry has allowed developers to specialize in specific stages of the development process rather than attempting to tackle the entire project development cycle. As firms continue to specialize, buying and selling assets has become an increasingly integral component of business. For today’s developers, bringing an informed and strategic approach to the negotiation table is crucial, and will only continue to grow in importance.
Our latest guide “Cash In/Cash Out: M&A Structuring for Pre-Construction Development Projects,” addresses the acquisition and divestiture of pre-operational projects, or in other words, how to “pass the baton” to a new developer. It establishes working definitions for project development exit points, addresses typical transaction structures, and reviews some “lessons learned” to help buyers and sellers properly position themselves to transact a pre-construction renewable energy project. We hope this resource proves useful to developer teams of all sizes, and is shared widely throughout the developer community.
For a deep dive into successfully participating in the asset M&A market, download our free PDF guide, “Cash In/Cash Out: M&A Structuring for Pre-Construction Development Projects” by filling out the form below. If you have any questions about participating in the LevelTen Platform, or the Asset Marketplace, you can reach us at firstname.lastname@example.org.
If you want to learn more on this topic, check out our webinar on October 6th with Great Bay Renewables, Leyline Renewable Capital, and Norton Rose Fulbright.