E3 advised a large private equity firm on a potential acquisition of nearly 1 GW of wind generation assets. This project tapped our deep understanding of the western grid, markets, and public policy. We applied our suite of models to project price trajectories for future renewable power purchase agreements, to assess the impact of renewable curtailment on asset values, and to weigh supply and demand for renewable energy credits under potential future regulation. Our analysis helped the company stress-test its internal valuation results and ultimately supported a successful bidding strategy and acquisition.