This brief study was prepared by Proventis Partners (Germany) with the aim to provide a high-quality analysis of the wind energy industry with respect to company valuations as well as M&A activities. It includes analyses of respective peer group trading multiples and selected transactions
Wind energy is not a homogeneous industry; business models and profitability levels differ, and consequently so do valuations. This is reflected by our approach to divide the industry in four segments, reflecting individual stages of the wind energy value chain: 1) Wind Turbine Generator (“WTG”) Manufacturers, 2) Wind Turbine Component Suppliers, 3) Wind Park Developers 4) Wind Park Operation, Maintenance and Service Providers.
