LevelTen Energy, provider of renewable transaction infrastructure, has announced the European expansion of the LevelTen Asset Marketplace, an online platform for buying and selling renewable energy assets.
The LevelTen Asset Marketplace brings together the world’s largest collection of renewable energy project developers and asset investors, and delivers the software, analytics and expertise to quickly buy and sell projects under development, at all stages of maturity. Clients such as Aura Power, Black Mountain Energy Storage, Cypress Creek Renewables, Iberdrola, Lightrock Power and Sol Systems are already using the LevelTen Asset Marketplace to procure and monetise pre-construction renewable energy projects. “We have built the largest renewable energy community in Europe, including developers, and asset sellers, looking for reliable partners; and also investors who are eager to find reputable developers with robust pipelines to invest in,” says Carlos Almodóvar Almaraz, director of Asset Marketplace Europe. “Expanding on the success we’ve seen in North America, LevelTen’s Asset Marketplace will now make transacting on new renewable energy assets in Europe faster and easier for both buyers and sellers. Amid ongoing energy market volatility, it’s more important than ever to make sure projects can find financing and become operational with the least friction possible. The Asset Marketplace makes that happen.”
Before the LevelTen Asset Marketplace, acquiring or divesting renewable energy assets was a slow, manual and time-consuming process that required insider networks or expensive brokers. The process took months, and with a limited view of the market, participants couldn’t be certain they were transacting on the right projects at the right price. The LevelTen Asset Marketplace allows sellers to find the most suitable partner for their assets by instantly reaching the largest renewable energy network in Europe, maximising asset exposure to qualified buyers and investors. The Asset Marketplace will also help investors increase their M&A pipeline by accessing real, actionable project transactions, and allocating capital to the best deals possible. Participants will benefit from a cutting-edge software product, as well as LevelTen’s team of M&A experts, who will develop the best competitive positioning and facilitate contract negotiations.
For project sellers, LevelTen will upload details about the project on the Asset Marketplace and conduct targeted marketing to its broad network of developers. Entities seeking to acquire projects can browse available listings, or request proposals through the platform. LevelTen’s software makes it easy to collect proposals, gather information to conduct due diligence, answer questions, and select projects, vastly accelerating the acquisition process.
Since launching in North America in 2021, nearly 250 unique developers have participated in Asset Marketplace RFPs, resulting in 11 closed deals and many more in progress. These deals represent over 2.5 GW of renewable energy. The European Asset Marketplace is available today and already has active requests for proposals from developers seeking European projects.
“The expansion of the Asset Marketplace is a testament to LevelTen’s continued momentum in Europe. Since opening our European headquarters in 2019, we’ve grown LevelTen’s platform to enable the industry to build, buy, and sell renewable energy more efficiently, and we’ve seen incredible demand for our software and services,” says Flemming Sørensen, vice president, Europe at LevelTen. “In Europe alone, we’ve seen over 1,500 PPA price offers and 600 active projects on our Energy Marketplace. We’re now in 23 European countries, with more than 240 European developers using our platform. We also recently launched MarketPulse, cloud-based software that provides access to real-time PPA and project data that helps industry professionals benchmark prices, analyse the market, and stay competitive.”