At what stage must a project be in order to be sold?

From early-stage development through to operation, provided the stage is documented.

Can a stake be sold rather than the whole asset?

Yes. The transfer of a percentage of a project or portfolio is one of the three sale structures, with the current owner retaining a stake. The scope is set before the transaction is prepared.

Will the market find out that the asset is for sale?

Not unless the seller authorises it. The initial presentation uses an anonymised summary. Identified information is released only to approved counterparties, after a non-disclosure agreement is signed.

No. The process is bilateral and confidential, with no bidding round and no public timetable obliging the owner to close by a given date.

How long does a sale take?

Alter5 does not publish timetables. The schedule depends on the state of the asset's documentation, its stage, the scope of the transaction and the buyer's due diligence.

What documentation should be to hand?

The documentation that evidences the asset: development stage, consents obtained and outstanding, grid connection, ownership, supply or power purchase agreements where they exist, and the project's financial information. The initial review identifies what is missing before any buyer is approached.

Project sales and acquisitions

Sale of energy transition and sustainable infrastructure projects and portfolios

Sale of projects, stakes and portfolios to strategic and financial buyers, in a bilateral and confidential process.

Submit an asset for sale See the full process ↓

Scope of sale

Three sale structures. The scope is agreed with the owner before the transaction is prepared, according to the owner's objective and the ownership structure.

Individual project

A single asset, at any stage from development to operation, with its technical and administrative documentation.

Portfolio of projects

Several assets presented as a block, on consistent documentation criteria and within a defined scope.

Stake in a project

Transfer of a percentage of a project or portfolio, with the current owner retaining a stake.

Technologies

Solar PV
Wind
Storage (BESS)
Biomethane
Hydrogen
Data centres

Stages

Development
Ready-to-Build
Construction
Operating

The process

Four stages, from preparation to closing

The sale mandate is executed in four stages.

1
Preparation of the transaction
Review of the asset's technical, administrative and financial documentation: stage, consents, grid connection, ownership and contracts.
2
Identification of buyers
Selection of strategic and financial buyers whose acquisition criteria match the asset: technology, stage, size and geography. The owner approves the list before any buyer is approached.
3
Bilateral process
Presentation by anonymised summary, followed by a non-disclosure agreement, data room access and receipt of offers.
4
Closing
Coordination of the parties and the flow of information through due diligence and contract negotiation to signing.

Submit an asset for sale

Buyer demand

To whom the transaction is presented

Strategic buyers — industrial operators and utilities — and financial buyers — infrastructure funds and asset managers — registered on the platform, each with its own acquisition criteria: technology, development stage, size and geography.

Those criteria determine to whom each transaction is presented. Registration as a buyer does not entail any commitment to acquire: participation in a given process depends on each institution's criteria.

Coverage: the European Union, the United Kingdom, Australia, Chile and the United States.

To acquire projects rather than sell them: Project and asset sales

Confidentiality and control of the process

Anonymised summary: The initial analysis is carried out on a confidential basis.
Non-disclosure agreement: The data room opens once a non-disclosure agreement is signed.
Bilateral process: Conversations are bilateral: there is no auction and no public timetable obliging the owner to close by a given date.
Owner's decision: The owner approves what is shared, with which counterparties and when, and the process may be halted at any stage before signing.

Frequently asked questions

Alter5's role: Alter5 prepares the transaction documentation and coordinates the sale process.
Transaction documentation: The transaction is presented with the development stage and the consents documented. What is not on record is not presented as evidenced.
Sectors: Renewable energy and infrastructure: solar, wind, storage, biomethane, hydrogen and data centres.
Upfront asset assessment: Where an asset does not meet the conditions to be taken to market, this is stated with the specific reason, rather than launching a process with no realistic prospect.

First contact

Description of the asset and objective of the transaction

A confidential first conversation, with no commitment to a mandate. No upfront cost: a success fee is payable only if the transaction closes. The initial review establishes whether the asset meets the conditions to be taken to market and which documentation is still missing.

Information for the first meeting

Technology and capacity, development stage, status of consents, grid connection, ownership and the intended scope of the sale.