RWE Divests a Stake of 24% in U.S. Onshore Wind Farms to Greencoat

Wind Industry Profile of

Sell down of four RWE onshore wind farms in Texas of a stake equivalent to a total capacity of 207 megawatts / Agreed purchase price of around USD 160 million corresponds to an enterprise value for the stake of around USD 300 million / RWE will remain operator of all onshore wind farms

RWE, one of the world’s leading renewable energy companies, has signed an agreement with Greencoat to sell a 24% stake in four RWE onshore wind farms in Texas. This accounts for a total pro-rata installed capacity of 207 megawatts (MW). The agreed purchase price of around USD 160 million corresponds to an enterprise value of around USD 300 million (for the 24% stake), which translates to an implied enterprise value multiple of USD 1.4 million/MW. Three projects are in operation and one... ... More: Official Press Release RWE

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RWE, wind farm, onshore, turbine, USA, Texas, stake, megawatts, purchase, Greencoat, renewable, investment