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
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
| Date | Name | Website |
| - | Terra Firm... | terrafirma... |
Mentions in press and media 4
| Date | Title | Description |
| 26.08.2009 | Top British investor takes stake in U.S. wind power | Terra Firma, the private equity firm chaired by well-known British investor Guy Hands, has acquired EverPower Wind Holdings for an estimated $350 million — indicating significant European interest in U.S. wind developments. German and Spani... |
| 26.08.2009 | Top British investor takes stake in U.S. wind power | We are excited to bring Transform 2022 back in-person July 19 and virtually July 20 - 28. Join AI and data leaders for insightful talks and exciting networking opportunities. Register today! Terra Firma, the private equity firm chaired by w... |
| 04.03.2009 | The Oregon Cleantech Cluster: The A-to-Z List of Alternative Energy Players | Share Share on Facebook Share on Twitter LinkedIn Email Reprints (Updated) Yesterday, we provided a rundown of about 80 companies we identified in Washington as players in the alternative energy industry. Today, it’s Oregon’s turn. For thos... |
| 18.01.2008 | VC funding up, biotech outpaces other industries | Venture-capital funding continued to rise in the fourth quarter, continuing a recent boom despite economic jitters sown by the subprime-mortgage financial mess. VCs tossed $7 billion at startups in the fourth quarter, a substantial 12 perce... |