This well-established electricity generating business has been operational since 2015, with a wind farm commissioned in 2019. It benefits from a stable cash flow due to a 15-year agreement to sell renewable energy, backed by a state-guaranteed "green" tariff with annual indexation for the next decade. The company boasts an experienced team ensuring stable operations since 2019, and the region offers potential for further wind farm expansion and hybrid solar-wind projects. Additionally, the business enhances its environmental image through green electricity production and has experience in export/import transactions.
The agreement is signed for 15 years (starting from 2019), and the sell price with annual indexation is guaranteed until 2034.
Tariff Conversion
2020
2021
2022
2023
2024
fixed tariff, $/kWth, excl VAT
0.059
0.057
0.056
0.067
0.073
Accumulated index
7%
16.4%
37%
53.2%
Year
Revenue (USD)
EBITDA (USD)
2020$590,580$441,500
2021$577,360$301,400
2022$520,781$354,700
2023$585,400$346,500
Summary of Technical Key Specifications
Model
Nominal Power
Rotor Diameter
Hub Height
Tower Type
Blades
Key Feature
Enercon E-70 E4 2
2000 kW (2 MW)
70 meters
65 meters
Conical steel tube
3
Maximum power from air masses, high efficiency
Micon NM-1500C/64
1500 kW (1.5 MW)
64 meters
68 meters
Conical steel tube
3
Reliable, simple operation and maintenance
Currency: USD
Target Price / Revenue: 6.84x
Target Price / EBITDA: 11.56x
