Autor(es): Mota, Ricardo Jorge Monteiro
Data: 2009
Identificador Persistente: http://hdl.handle.net/10362/9642
Origem: Repositório Institucional da UNL
Assunto(s): Horizon Wind Energy; EDP; Renewable energies; Institution equity partnerships
Autor(es): Mota, Ricardo Jorge Monteiro
Data: 2009
Identificador Persistente: http://hdl.handle.net/10362/9642
Origem: Repositório Institucional da UNL
Assunto(s): Horizon Wind Energy; EDP; Renewable energies; Institution equity partnerships
A Work Project, presented as part of the requirements for the Award of a Masters Degree in Finance from the NOVA – School of Business and Economics
At the beginning of 2007, EdP, a Portuguese electricity utility was studying the potential acquisition of Horizon Wind Energy. Owned by Goldman Sachs, Horizon was a relevant player in the wind energy industry with capacity installed in USA. Requiring that EdP more than doubles its investments in renewables until 2010, this consolidation move would place the company as the 4th largest operator in the world.. Governmental support is just one of the factors that has to be analyzed in this deal, since the strategic implications and risks involved may determine the approval or refusal to go forward with the acquisition, and the price to be paid for the American company.