...point to possible value in Renewable Energy Generation (WIND), great ticker, on the back of an announcement by another stock I have written about in the past called The Renewables Infrastructure Group (TRIG). The latter has announced today that they have acquired an operational UK wind farm with 16 MW generating capacity (the "Earlseat Wind Farm") for consideration of approximately £32 million, subject to certain performance adjustments.
So this seems to be in line with the rate of 2x per MW of generating capacity that REG (WIND) have been achieving in their recent deals with Black Rock. So what well looking at their website I see they have 62.7 MW operational, 18 MW under construction and 26 MW awaiting construction. But just taking the operational capacity you could get to about £120 million of value versus an enterprise value of around £80 million and that is without attaching any value to the development pipeline or the biomass, solar assets and service contracts etc. with Black Rock.
Mind you this has been the case for a while, so I wouldn't necessarily rush out and buy it but hopefully value will out in the end. Nevertheless it puts me in mind of the song below from Badly Drawn Boy (an under rated artist) which I hope you'll enjoy on the e-mail too as I think I have sorted that issue now.