Recently Announced Tariff Rate Hikes Highlight Risks and Opportunities for M&A in the BESS Market
JD Supra: Mergers
JUNE 14, 2024
The staged payment of purchase price is a near-universal feature of M&A in development-stage renewable energy and battery energy storage system (BESS) projects. In a typical sale, the buyer pays a comparatively small portion of the purchase price to the seller at closing (sometimes limited to expense reimbursement), with later tranches being paid when the project hits various milestones, such as the issuance of a notice to proceed (NTP) to the engineering, procurement and construction (EPC).
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