EverPower
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EverPower

http://www.everpower.com/
Last activity: 26.08.2009
Tags:BuildingBusinessConstructionDevelopmentEnergyTechFinTechInvestmentManagementMarket
EverPower is a top US wind energy development and generation company with a significant portfolio of assets in the Northeast and West Coast power markets. The business was acquired by Terra Firma in November 2009. Asset-Backed: EverPower has seven operating wind farms with a total of 752 MW of generating capacity. Wind farms are an infrastructure-type asset class, with established channels of project financing and the possibility of long-term power contracts. Requiring Fundamental Change: The financial crisis was a difficult period for the wind power sector, leaving many companies under-capitalised and unable to finance their development plans. This offered an opportunity to enter the market at a low point in the cycle, bring a disciplined approach to construction and development costs and to take advantage of the distressed market to pursue further acquisitions to generate scale. Transforming strategy Strengthening management Developing through capital expenditure Building through mergers and acquisitions Lowering the cost of capital to create extra upside Back to list of investments

Investors 1

Mentions in press and media 4

DateTitleDescriptionSource
26.08.2009Top British investor takes stake in U.S. wind powerWe are excited to bring Transform 2022 back in-person July 19 and virtually July 20 - 28. Join AI an...venturebea...
26.08.2009Top British investor takes stake in U.S. wind powerTerra Firma, the private equity firm chaired by well-known British investor Guy Hands, has acquired ...venturebea...
04.03.2009The Oregon Cleantech Cluster: The A-to-Z List of Alternative...Share Share on Facebook Share on Twitter LinkedIn Email Reprints (Updated) Yesterday, we provided a...xconomy.co...
18.01.2008VC funding up, biotech outpaces other industriesVenture-capital funding continued to rise in the fourth quarter, continuing a recent boom despite ec...venturebea...