web analytics
Become MergersCorp Agent | Book a Virtual Meeting | FREE BUSINESS VALUATION |
✕

© 2026 MergersCorp M&A International.

© 2025 MergersCorp M&A International is a global brand operating through a number of professional firms and constituent entities (“Members”) located throughout the world to provide Investment Banking, Corporate Finance, and Advisory Services and other client-related professional services. The Member Firms (“Members”) are constituted and regulated in accordance with relevant local regulatory and legal requirements. For more details on the nature of our affiliation, please visit our Disclaimer: https://mergerscorp.com/disclaimer. MergersCorp M&A International's franchising program is not offered to individuals or entities located in the United States.

 

The franchising program is offered by MergersUK Limited, a UK Company with its registered office at 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ, United Kingdom. 

 

MergersCorp M&A International provides strategic business advisory services, including preparing companies for growth and capital access. Through partnerships with licensed investment bankers, clients can access tailored capital-raising solutions.   

 

U.S. Investment Banking Securities transactions are exclusively conducted by Spektrum Capital Advisors LLC, a Registered Representative of, and Securities Products offered through, BA Securities, LLC, a FINRA-registered broker-dealer. Check the background of investment professionals associated with this site on Broker Check.

Back to Listings
Contact M&A Advisor








    Return to Listings
    1. Home
    2. Renewable Energy
    3. Renewable Energy - Wind
    4. 30.24 MW Operational Wind Power Portfolio

    30.24 MW Operational Wind Power Portfolio

    Description

    Brazil
    L#20261148

    An attractive opportunity to acquire a 30.24 MW operational wind power portfolio in Northeast Brazil, comprising two fully operational wind farms with long-term contracted revenues and zero debt. The portfolio benefits from regulated PPAs extending through 2031 and 2032, providing predictable near-term cash flow, while retaining significant economic life and upside following the expiry of the current contracts.

    KEY INVESTMENT HIGHLIGHTS

    Key Metric Portfolio
    Installed Capacity 30.24 MW
    Operating Assets 2 Wind Farms / 2 SPVs
    Estimated Annual Generation 96.0 GWh
    Contracted Net Cash Flow ~US$5.26M / year
    Debt Zero / Fully Paid Assets
    PPA Expiry 2031 & 2032
    Post-PPA Upside ~US$4.25M / year
    Additional Economic Life ~13 years
    Location Northeast Brazil
    Operational Status Fully Operational

    PORTFOLIO OVERVIEW

    The portfolio consists of two operating wind farms, each with 15.12 MW of installed capacity.

    • Wind Farm 1: 15.12 MW | ~48.7 GWh estimated annual generation | PPA through 2031
    • Wind Farm 2: 15.12 MW | ~47.4 GWh estimated annual generation | PPA through 2032

    Combined, the assets are expected to generate approximately 96.0 GWh annually.

    CONTRACTED CASH FLOW

    The portfolio benefits from long-term contracted revenues under existing PPAs, providing visibility over near-term cash generation.

    The assets generate approximately US$5.26 million of annual net cash flow after O&M, operations and taxes.

    Following expiry of the existing PPAs, the assets are estimated to have approximately 13 additional years of economic life, creating an opportunity to capture additional value through re-contracting, bilateral power sales or alternative commercialization strategies.

    Estimated Post-PPA Annual Cash Flow: ~US$4.25M

    CONTRACTED REVENUE VISIBILITY

    Existing PPAs extend through 2031 and 2032, supporting predictable cash generation over the contracted period.

    SIGNIFICANT POST-PPA UPSIDE

    Approximately 13 years of additional economic life remain beyond the current PPAs, offering meaningful potential for continued operations and revenue optimization.

    TRANSACTION OPPORTUNITY

    The owner is considering a potential sale of the operational wind power portfolio to a qualified strategic or financial investor.

    Transaction: Acquisition of 100% of the portfolio / SPVs
    Assets: 2 operational wind farms
    Installed Capacity: 30.24 MW
    Annual Generation: ~96.0 GWh
    Geography: Northeast Brazil
    Status: Fully Operational
    Debt: Zero
    PPA: Contracted through 2031–2032
    Annual Contracted Net Cash Flow: ~US$5.26M
    Estimated Post-PPA Annual Cash Flow: ~US$4.25M

    Further technical, legal, commercial and financial information is available to qualified parties following execution of an NDA.

    USD figures are indicative conversions based on approximately BRL 5.09 per USD as of September 9, 2026. Original source figures are stated in BRL; technical figures and project characteristics are presented as provided in the source material.

    Hypothetical Financial Model: 30.24 MW Operational Wind Portfolio (Northeast Brazil)

    All figures in USD millions unless stated otherwise. Assumed conversion rate: 5.09 BRL/USD.

    1. Key Operating & Commercial Baseline Assumptions

    Operating Metric Wind Farm 1 Wind Farm 2 Consolidated Portfolio
    Installed Capacity 15.12 MW 15.12 MW 30.24 MW
    Estimated Annual Generation 48.7 GWh 47.4 GWh 96.1 GWh (~96.0 GWh target)
    Implied Capacity Factor ~36.8% ~35.8% ~36.3%
    PPA Expiry Date December 31, 2031 December 31, 2032 2031 (WF1) / 2032 (WF2)
    Contracted Net Cash Flow — — $5.26M / year
    Merchant / Post-PPA Net Cash Flow — — $4.25M / year
    Remaining Post-PPA Economic Life 13 years (to ~2044) 13 years (to ~2045) ~13 years
    Existing Capital Structure Zero Debt Zero Debt 100% Equity / Debt-Free

    2. Representative Revenue, O&M & Net Cash Flow Profile (Consolidated P&L Proxy)

    Because the portfolio generates an agreed-upon $5.26M/year in contracted net cash flow after operating costs and statutory Brazilian corporate taxes (Lucro Real / Presumido), the operational proxy breaks down as follows:
    Financial Line Item (US$ M) Contracted Period (2027–2031) Transition Year (2032)* Post-PPA Period (2033–2044)
    Gross Power Revenue $7.85 (equiv. ~$81.7/MWh) $6.90 $6.25 (equiv. ~$65.0/MWh)
    Scheduled O&M & Turbine Service Agreements ($1.15) ($1.15) ($1.25) (Aging buffer)
    Land Leases, Royalties & Concession Levies ($0.25) ($0.23) ($0.20)
    Transmission (TUST) & Grid Connection Tariffs ($0.35) ($0.35) ($0.35)
    General & Administrative / SPV Management ($0.20) ($0.20) ($0.20)
    EBITDA $5.90 (75.2% margin) $4.97 (72.0% margin) $4.25 (68.0% margin)
    Maintenance CapEx Reserve ($0.15) ($0.18) ($0.22)
    Net Income Tax & Social Contributions (CSLL/PIS/COFINS) ($0.49) ($0.42) ($0.38)
    Unlevered Free Cash Flow (Net Cash Flow) $5.26 $4.37 $3.65 – $4.25
    *Note: In 2032, Wind Farm 1 operates under merchant/free-market conditions while Wind Farm 2 completes its final contracted PPA year.

    3. Indicative Unlevered Cash Flow Schedule (15-Year Horizon, 2027–2041)

    Year Asset Regime WF1 Status WF2 Status Net Cash Flow (US$ M)
    2027 Fully Contracted Regulated PPA Regulated PPA $5.26
    2028 Fully Contracted Regulated PPA Regulated PPA $5.26
    2029 Fully Contracted Regulated PPA Regulated PPA $5.26
    2030 Fully Contracted Regulated PPA Regulated PPA $5.26
    2031 Fully Contracted Regulated PPA (Final Yr) Regulated PPA $5.26
    2032 Transition Bilateral / Free Market Regulated PPA (Final Yr) $4.75
    2033 Full Post-PPA Life Bilateral / ACL Merchant Bilateral / ACL Merchant $4.25
    2034 Full Post-PPA Life Bilateral / ACL Merchant Bilateral / ACL Merchant $4.25
    2035 Full Post-PPA Life Bilateral / ACL Merchant Bilateral / ACL Merchant $4.25
    2036 Full Post-PPA Life Bilateral / ACL Merchant Bilateral / ACL Merchant $4.25
    2037 Full Post-PPA Life Bilateral / ACL Merchant Bilateral / ACL Merchant $4.25
    2038 Full Post-PPA Life Bilateral / ACL Merchant Bilateral / ACL Merchant $4.25
    2039 Full Post-PPA Life Bilateral / ACL Merchant Bilateral / ACL Merchant $4.25
    2040 Full Post-PPA Life Bilateral / ACL Merchant Bilateral / ACL Merchant $4.25
    2041 Full Post-PPA Life Bilateral / ACL Merchant Bilateral / ACL Merchant $4.25
    Cumulative $70.50M

    4. Indicative Unlevered Valuation Matrix (Discounted Cash Flow Sensitivity)

    Valuation reflects a DCF of net cash flows across the remaining ~18 years of operational life (5 contracted years + 13 post-PPA years):
    Unlevered Cost of Capital (Discount Rate) Implied Enterprise Value (US$ M) Implied Multiple on Contracted Cash Flow Implied EV / Installed MW
    7.5% (Low Risk / BRL Hedged) $44.6M 8.48x $1.47M / MW
    8.5% (Core Infrastructure Hurdle) $41.1M 7.81x $1.36M / MW
    9.5% (Emerging Market Benchmark) $38.1M 7.24x $1.26M / MW
    10.5% (Conservative Equity Return) $35.4M 6.73x $1.17M / MW
    This hypothetical financial model and accompanying presentation (the “Document”) are provided solely for preliminary illustrative, structural, and evaluation purposes. This Document does not constitute, nor shall it be deemed to constitute, an offer to sell, a solicitation of an offer to buy, an underwriting commitment, or an investment recommendation regarding the shares, quotas, operating concessions, physical assets, or special purpose vehicles (SPVs) of the 30.24 MW wind portfolio or any affiliated entities.
    Hypothetical Projections & Forward-Looking Risks
    All financial figures, capacity factors, production levels (96.0 GWh/yr), generation estimates, operating cost assumptions, merchant energy pricing forecasts, tax regimes, and post-PPA yields (~US$4.25M/yr) are forward-looking and based on indicative assumptions. These statements involve substantial known and unknown risks, uncertainties, and contingencies, including but not limited to:
    • Wind resource variability (P50/P90 generation deviations) and climate patterns in Northeast Brazil;
    • Grid curtailment, transmission constraints, and system operator dispatch orders (ONS);
    • Fluctuations in the Brazilian Free Energy Market (Ambiente de Contratação Livre — ACL) and Settlement Price for Differences (PLD);
    • Foreign exchange volatility between the Brazilian Real (BRL) and the United States Dollar (USD);
    • Inflationary adjustments, escalation of operations and maintenance (O&M) contracts, and replacement part supply chains;
    • Regulatory, statutory, concession, and fiscal changes by ANEEL, CCEE, or Brazilian federal/state revenue authorities.
    Actual cash flows and terminal asset values may differ materially from those modeled herein.
    No Representations, Warranties, or Reliance
    No representation, warranty, or undertaking—express or implied—is made by the asset owners, operators, financial modelers, advisors, or their respective directors, officers, or agents regarding the accuracy, completeness, authenticity, or reasonableness of the data, technical parameters, or projections set forth in this Document. Recipient expressly agrees that no commercial reliance may be placed on this Document.
    Absolute Exclusion of Liability
    To the fullest extent permitted by applicable law, the authors, asset owners, advisors, affiliates, and representatives expressly disclaim all liability (whether in contract, tort, strict liability, negligence, or otherwise) for any direct, indirect, incidental, consequential, special, punitive, or reliance damages, including lost profits, loss of business opportunity, or transaction expenses incurred by the recipient or any third party arising out of or in connection with the use of, or reliance upon, any information, calculations, assumptions, or omissions contained in this Document.
    Requirement for Independent Due Diligence
    Receipt of this Document does not substitute for a rigorous, independent investigation. Qualified prospective purchasers must conduct their own independent legal, tax, hydrogeological, wind resource (anemometric review), technical (turbine condition assessment), regulatory, and accounting due diligence with authorized external counsel and technical advisors prior to entering into any transaction or executing binding documentation. All technical, operational, and commercial data rooms will remain subject to the terms of an executed Non-Disclosure Agreement (NDA).

    Basic Details

    Target Price:

    $ 55,000,000

    Gross Revenue

    $7,850,000

    EBITDA

    $5,260,000

    Business ID:

    L#20261148

    Country

    Brazil

    Detail

    Business ID:L#20261148
    Property Type:Renewable Energy - Wind, Renewable Energy
    Property Status:For Sale
    Target Price: $ 55,000,000
    Gross Revenue:$ 7,850,000
    EBITDA:$ 5,260,000
    Target Price / Revenue:7.01x
    Target Price / EBITDA:10.46x
    Contact M&A Advisor








      Published on September 9, 2026 at 6:19 pm. Updated on September 9, 2026 at 6:20 pm

      An attractive opportunity to acquire a 30.24 MW operational wind power portfolio in Northeast Brazil, comprising two fully operational wind farms with long-term contracted revenues and zero debt. The portfolio benefits from regulated PPAs extending through 2031 and 2032, providing predictable near-term cash flow, while retaining significant economic life and upside following the expiry of the current contracts.

      KEY INVESTMENT HIGHLIGHTS

      Key Metric Portfolio
      Installed Capacity 30.24 MW
      Operating Assets 2 Wind Farms / 2 SPVs
      Estimated Annual Generation 96.0 GWh
      Contracted Net Cash Flow ~US$5.26M / year
      Debt Zero / Fully Paid Assets
      PPA Expiry 2031 & 2032
      Post-PPA Upside ~US$4.25M / year
      Additional Economic Life ~13 years
      Location Northeast Brazil
      Operational Status Fully Operational

      PORTFOLIO OVERVIEW

      The portfolio consists of two operating wind farms, each with 15.12 MW of installed capacity.

      Combined, the assets are expected to generate approximately 96.0 GWh annually.

      CONTRACTED CASH FLOW

      The portfolio benefits from long-term contracted revenues under existing PPAs, providing visibility over near-term cash generation.

      The assets generate approximately US$5.26 million of annual net cash flow after O&M, operations and taxes.

      Following expiry of the existing PPAs, the assets are estimated to have approximately 13 additional years of economic life, creating an opportunity to capture additional value through re-contracting, bilateral power sales or alternative commercialization strategies.

      Estimated Post-PPA Annual Cash Flow: ~US$4.25M

      CONTRACTED REVENUE VISIBILITY

      Existing PPAs extend through 2031 and 2032, supporting predictable cash generation over the contracted period.

      SIGNIFICANT POST-PPA UPSIDE

      Approximately 13 years of additional economic life remain beyond the current PPAs, offering meaningful potential for continued operations and revenue optimization.

      TRANSACTION OPPORTUNITY

      The owner is considering a potential sale of the operational wind power portfolio to a qualified strategic or financial investor.

      Transaction: Acquisition of 100% of the portfolio / SPVs
      Assets: 2 operational wind farms
      Installed Capacity: 30.24 MW
      Annual Generation: ~96.0 GWh
      Geography: Northeast Brazil
      Status: Fully Operational
      Debt: Zero
      PPA: Contracted through 2031–2032
      Annual Contracted Net Cash Flow: ~US$5.26M
      Estimated Post-PPA Annual Cash Flow: ~US$4.25M

      Further technical, legal, commercial and financial information is available to qualified parties following execution of an NDA.

      USD figures are indicative conversions based on approximately BRL 5.09 per USD as of September 9, 2026. Original source figures are stated in BRL; technical figures and project characteristics are presented as provided in the source material.

      Hypothetical Financial Model: 30.24 MW Operational Wind Portfolio (Northeast Brazil)

      All figures in USD millions unless stated otherwise. Assumed conversion rate: 5.09 BRL/USD.

      1. Key Operating & Commercial Baseline Assumptions

      Operating Metric Wind Farm 1 Wind Farm 2 Consolidated Portfolio
      Installed Capacity 15.12 MW 15.12 MW 30.24 MW
      Estimated Annual Generation 48.7 GWh 47.4 GWh 96.1 GWh (~96.0 GWh target)
      Implied Capacity Factor ~36.8% ~35.8% ~36.3%
      PPA Expiry Date December 31, 2031 December 31, 2032 2031 (WF1) / 2032 (WF2)
      Contracted Net Cash Flow — — $5.26M / year
      Merchant / Post-PPA Net Cash Flow — — $4.25M / year
      Remaining Post-PPA Economic Life 13 years (to ~2044) 13 years (to ~2045) ~13 years
      Existing Capital Structure Zero Debt Zero Debt 100% Equity / Debt-Free

      2. Representative Revenue, O&M & Net Cash Flow Profile (Consolidated P&L Proxy)

      Because the portfolio generates an agreed-upon $5.26M/year in contracted net cash flow after operating costs and statutory Brazilian corporate taxes (Lucro Real / Presumido), the operational proxy breaks down as follows:
      Financial Line Item (US$ M) Contracted Period (2027–2031) Transition Year (2032)* Post-PPA Period (2033–2044)
      Gross Power Revenue $7.85 (equiv. ~$81.7/MWh) $6.90 $6.25 (equiv. ~$65.0/MWh)
      Scheduled O&M & Turbine Service Agreements ($1.15) ($1.15) ($1.25) (Aging buffer)
      Land Leases, Royalties & Concession Levies ($0.25) ($0.23) ($0.20)
      Transmission (TUST) & Grid Connection Tariffs ($0.35) ($0.35) ($0.35)
      General & Administrative / SPV Management ($0.20) ($0.20) ($0.20)
      EBITDA $5.90 (75.2% margin) $4.97 (72.0% margin) $4.25 (68.0% margin)
      Maintenance CapEx Reserve ($0.15) ($0.18) ($0.22)
      Net Income Tax & Social Contributions (CSLL/PIS/COFINS) ($0.49) ($0.42) ($0.38)
      Unlevered Free Cash Flow (Net Cash Flow) $5.26 $4.37 $3.65 – $4.25
      *Note: In 2032, Wind Farm 1 operates under merchant/free-market conditions while Wind Farm 2 completes its final contracted PPA year.

      3. Indicative Unlevered Cash Flow Schedule (15-Year Horizon, 2027–2041)

      Year Asset Regime WF1 Status WF2 Status Net Cash Flow (US$ M)
      2027 Fully Contracted Regulated PPA Regulated PPA $5.26
      2028 Fully Contracted Regulated PPA Regulated PPA $5.26
      2029 Fully Contracted Regulated PPA Regulated PPA $5.26
      2030 Fully Contracted Regulated PPA Regulated PPA $5.26
      2031 Fully Contracted Regulated PPA (Final Yr) Regulated PPA $5.26
      2032 Transition Bilateral / Free Market Regulated PPA (Final Yr) $4.75
      2033 Full Post-PPA Life Bilateral / ACL Merchant Bilateral / ACL Merchant $4.25
      2034 Full Post-PPA Life Bilateral / ACL Merchant Bilateral / ACL Merchant $4.25
      2035 Full Post-PPA Life Bilateral / ACL Merchant Bilateral / ACL Merchant $4.25
      2036 Full Post-PPA Life Bilateral / ACL Merchant Bilateral / ACL Merchant $4.25
      2037 Full Post-PPA Life Bilateral / ACL Merchant Bilateral / ACL Merchant $4.25
      2038 Full Post-PPA Life Bilateral / ACL Merchant Bilateral / ACL Merchant $4.25
      2039 Full Post-PPA Life Bilateral / ACL Merchant Bilateral / ACL Merchant $4.25
      2040 Full Post-PPA Life Bilateral / ACL Merchant Bilateral / ACL Merchant $4.25
      2041 Full Post-PPA Life Bilateral / ACL Merchant Bilateral / ACL Merchant $4.25
      Cumulative $70.50M

      4. Indicative Unlevered Valuation Matrix (Discounted Cash Flow Sensitivity)

      Valuation reflects a DCF of net cash flows across the remaining ~18 years of operational life (5 contracted years + 13 post-PPA years):
      Unlevered Cost of Capital (Discount Rate) Implied Enterprise Value (US$ M) Implied Multiple on Contracted Cash Flow Implied EV / Installed MW
      7.5% (Low Risk / BRL Hedged) $44.6M 8.48x $1.47M / MW
      8.5% (Core Infrastructure Hurdle) $41.1M 7.81x $1.36M / MW
      9.5% (Emerging Market Benchmark) $38.1M 7.24x $1.26M / MW
      10.5% (Conservative Equity Return) $35.4M 6.73x $1.17M / MW
      This hypothetical financial model and accompanying presentation (the “Document”) are provided solely for preliminary illustrative, structural, and evaluation purposes. This Document does not constitute, nor shall it be deemed to constitute, an offer to sell, a solicitation of an offer to buy, an underwriting commitment, or an investment recommendation regarding the shares, quotas, operating concessions, physical assets, or special purpose vehicles (SPVs) of the 30.24 MW wind portfolio or any affiliated entities.
      Hypothetical Projections & Forward-Looking Risks
      All financial figures, capacity factors, production levels (96.0 GWh/yr), generation estimates, operating cost assumptions, merchant energy pricing forecasts, tax regimes, and post-PPA yields (~US$4.25M/yr) are forward-looking and based on indicative assumptions. These statements involve substantial known and unknown risks, uncertainties, and contingencies, including but not limited to:
      • Wind resource variability (P50/P90 generation deviations) and climate patterns in Northeast Brazil;
      • Grid curtailment, transmission constraints, and system operator dispatch orders (ONS);
      • Fluctuations in the Brazilian Free Energy Market (Ambiente de Contratação Livre — ACL) and Settlement Price for Differences (PLD);
      • Foreign exchange volatility between the Brazilian Real (BRL) and the United States Dollar (USD);
      • Inflationary adjustments, escalation of operations and maintenance (O&M) contracts, and replacement part supply chains;
      • Regulatory, statutory, concession, and fiscal changes by ANEEL, CCEE, or Brazilian federal/state revenue authorities.
      Actual cash flows and terminal asset values may differ materially from those modeled herein.
      No Representations, Warranties, or Reliance
      No representation, warranty, or undertaking—express or implied—is made by the asset owners, operators, financial modelers, advisors, or their respective directors, officers, or agents regarding the accuracy, completeness, authenticity, or reasonableness of the data, technical parameters, or projections set forth in this Document. Recipient expressly agrees that no commercial reliance may be placed on this Document.
      Absolute Exclusion of Liability
      To the fullest extent permitted by applicable law, the authors, asset owners, advisors, affiliates, and representatives expressly disclaim all liability (whether in contract, tort, strict liability, negligence, or otherwise) for any direct, indirect, incidental, consequential, special, punitive, or reliance damages, including lost profits, loss of business opportunity, or transaction expenses incurred by the recipient or any third party arising out of or in connection with the use of, or reliance upon, any information, calculations, assumptions, or omissions contained in this Document.
      Requirement for Independent Due Diligence
      Receipt of this Document does not substitute for a rigorous, independent investigation. Qualified prospective purchasers must conduct their own independent legal, tax, hydrogeological, wind resource (anemometric review), technical (turbine condition assessment), regulatory, and accounting due diligence with authorized external counsel and technical advisors prior to entering into any transaction or executing binding documentation. All technical, operational, and commercial data rooms will remain subject to the terms of an executed Non-Disclosure Agreement (NDA).

      MergersCorp M&A
      International As Seen On

      • brand 1
      • brand 1
      • brand 1
      • brand 1
      • brand 1