to $ 2.0 Million / MW), a capacity - weighted US average installed
project cost of nearly $ 2.1 M / MW, and deal multiples generally ranging between $ 2.0 - 2.6 M / MW
in recent years, I was pretty comfortable using an estimated
depreciated book
value of USD 651 million (i.e. $ 1.85 M / MW) for the lower end of my valuation range.