Atlantica Sustainable Infrastructure acquires two wind assets in the UK – TipRanks.com
Atlantica Sustainable Infrastructure completed the acquisition of a 100% equity interest stake in two wind assets, with a combined installed capacity of 32 MW in Scotland, United Kingdom. The assets are regulated under the UK green attribute regulation and are granted renewables obligation certificates until 2033. They have demonstrated a solid operating track record and currently do not have any project debt. The acquisition closed on March 22, 2024, and Atlantica’s investment amount was approximately $66 million. The purchase price represents an Enterprise Value1/EBITDA2 multiple of approximately 6.6 times. These are Atlantica’s first operating assets in the U.K., and the Company expects that its return from these assets will be enhanced by the use of Atlantica’s existing net operating loss carryforwards in the UK in the upcoming years.
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