KPMG has published an interesting survey of mergers and acquisitions in the renewable energy industry. Major conclusions include:
- Deal volume has, of course, fallen from nearly $26 billion in 2007 to a little over $18 billion in 2008 …
- … With the billion-dollar transactions of 2008 being replaced by smaller-sized deals in the $300-500 million range and …
- … Focused on currently operating assets in contrast to acquiring promising but undeveloped capacity
- Investors are also using the depressed valuations to focus, consolidate, and grow positions
- Government regulations and support drive renewable investments and, in recognition, nearly 16% of worldwide stimulus funds totaling almost $3 trillion have been allocated to “green” energy
