BP Plc (BP)

[SteveWin]

BP subsidiary Lightsource BP "secured 250 million financing for its 260MW Impact Solar project" https://www.lightsourcebp.com/2020/03/lightsource-bp-completes-financing-260mw-solar-project-texas/ - that's 1 billion for about 1 GW of capacity.. so it looks like its acquisition targets would be companies with market caps (in billions USD) about equal to their RE generation capacity (in gigawatts).

Of course, $250 million is what Impact's 0.26GW SOLD FOR - since BP financed the purchase, they'll end up paying substantially more to BUY it.

So, for example, Atlantica Sustainable (AY), with 1.5 GW and 3Bn market cap, would sell for be about twice what BP would be willing to borrow to buy it... certainly, BP wouldn't be likely to offer a significant premium over AY's current price of $29.56/sh, if they were considering AY as an acquisition target.

So.. probably not AY.. but BP definitely has acquisition goals, which means they're looking for targets.. so I'd love to figure out who those targets might be...