Renewable energy deals rise 40%
Jan. 30. 2012 - Renewable energy mergers and acquisitions rose 40 percent last year when compared to the previous year, according to consulting firm PwC.
Jan. 30. 2012 – Renewable energy mergers and acquisitions rose 40
percent last year when compared to the previous year, according to a report from
consulting firm PwC.
In an article published in Bloomberg, the report states that over $53 billion dollars of wind, solar, biofuels, energy
efficiency, geothermal, biomass and hydro deals were completed,
which is up from $38.2 billion in 2010.
“Total deal value was up, and there’s been a trend toward
larger-size deals, which reflects increasing maturity in wind
and solar,” Ronan O’Regan, director of
energy in London at PwC said. It’s a surprise as “the negative
drivers seem to outweigh the positives,” he said of EU
government efforts to cut deficits.
European bidders accounted for 48 percent of the
total, with North America trailing behind with only 24 percent, followed by Asian bidders at 18 percent.
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