Concord New Energy says $55,000-per-MW project sale price reflects market rates
NEE•Concord New Energy said the maximum sale price for two project companies is approximately $29.98 million, based on $55,000 per MW across 545 MW. About $2.73 million is payable at closing, with later payments tied to project milestones.
1. Sale price and payments
Concord New Energy said the maximum sale price for two project companies is approximately US$29.98 million, using a valuation of US$55,000 per MW across 545 MW. It cited an ERCOT market range of US$30,000–75,000 per MW. Approximately US$2.73 million is payable at closing; subsequent payments depend on offtake, construction and commercial operation milestones.
2. Buyer selection
The company said NextEra's group was selected for its financial strength and construction capabilities, which the board expects to support recovery of milestone payments.
