EEW Renewables, a Global Renewable Energy Developer, and Compass Digital Acquisition Corp. Announce Definitive Business Combination Agreement
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 06 2024
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Source: Newsfilter
Business Combination Announcement: EEW Renewables Ltd, a global renewable energy project developer, has entered into a definitive business combination agreement with Compass Digital Acquisition Corp (CDAQ), valuing EEW at a pro forma enterprise value of $386 million, with plans to list on Nasdaq upon completion in early 2025.
Growth and Strategic Vision: With a strong track record of developing approximately 1.5 GW of renewable projects and a robust pipeline of 9 GW, EEW aims to transition from a pure-play developer to an independent power producer, enhancing its revenue potential and market position in the growing renewable energy sector.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
