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    Energy & EnvironmentPublished deal

    Project Canvas - Buyout

    Sale of electricity and renewable energy certificates on the spot market through the operation of a fuel-cell power-generation facility in the Gyeongsang region

    Location
    Korea
    Industry
    Energy & Environment
    RevenueContact us
    AskingExpected to be approximately KRW 15 billion on a 100% equity basis (negotiable)
    Deal structureSale of 100% of existing shares
    FinancialsStable annual cash generation of approximately KRW 3 billion of EBITDA

    Investment highlights

    • Uses two fuel-cell generation units from global supplier B and is covered by a 20-year long-term service agreement
    • Ancillary electric-vehicle charging and solar-generation facilities located at the site
    • Operational advantages include average availability above 90% and minimal additional ancillary costs
    • Potential for additional interest-cost savings through refinancing of existing debt

    Deal partner

    Hyunmin Park, Director