Of the five key trends highlighted in our 2023 power and utilities industry outlook (refer to "Expected impact" table), three are expected to be drivers of M&A activity and two are
Since the turn of the century, Chinese firms have increasingly been acquiring companies both inside and outside of China. The Wind database and China''s merger and acquisition (M&A)
In the final quarter of 2023, the energy & power sector experienced a seismic shift propelled by a wave of strategic mergers and acquisitions (M&A). This period witnessed industry players
International Journal of Public Sector Management, 2018. Purpose This paper looks at state-owned enterprises (SOEs) from the angle of the market for corporate control and analyzes in
An active player in the renewable energy advisory and lending markets, KBCM leads this industry with nearly $18.5 billion of capital invested in solar, storage, and wind projects since 2007. Solar, wind, and battery storage have been the
The global transition to renewable energy sources is rapidly gaining momentum, with mergers and acquisitions playing a pivotal role in driving the industry forward. By acquiring existing projects, companies can swiftly overcome initial
As global capacity of renewable-energy sources increases rapidly in the effort to decarbonize power generation, acquisitions for renewables developers have been rising substantially and have become ever more central
This report will also present the historical, current and projected merger and acquisitions, financial analysis, deals and alliances, partnerships and investments of the company, news,
Despite low deal activity in 2021, more companies are turning to M&A to acquire lower-carbon assets, particularly in renewable power generation. Energy transition deals accounted for about 20% of all energy-sector deals
The number of merger and acquisition (M&A) deals increased considerably in the wind energy sector globally. On May 9, 2022, BP plc, an oil and gas company, planned the acquisition of a 30% stake in the Asian Renewable Energy Hub (AREH) project, from CWP Renewables, Intercontinental Energy, Vestas, and Macquarie Group for $36 billion.
Factors such as advancements in technology and reduction in costs continue to make wind energy more competitive than energy from other renewable sources. According to GlobalData’s deals database, wind energy has always led M&A deals in terms of value compared to energy from other renewable sources.
On April 15, 2022, an asset management company, MUNICH ERGO Asset Management (MEAG), entered into an agreement with renewable energy solution providers Eolus Vind and Hydro REIN to acquire a 75% stake in the Stor-Skälsjön wind power project for $28.5 million, which has a generation capacity of 260 MW.
Enbridge has invested $663.5mn for a 24.5% stake in the 522 MW Hohe See and 118 MW Albatros offshore wind farms in Germany from Canadian pension fund CPPIB. This acquisition was agreed at a record high deal metric of $42.4mn/MWh - representing one of the highest valuations for operational offshore wind assets in the country since 2020.
Evolve the joint venture playbook to accelerate an energy transition strategy. This is a historic area of strength for many energy and natural resources companies as they’ve used joint ventures to partner in the development of oil and gas fields or large petrochemical complexes, often with state-owned enterprises.
Engie Brasil to acquire Serra do Assurua Wind Project from PEC Energia On May 5, 2022, the power generation company, Engie Brasil, agreed to acquire the Serra do Assurua wind project in Bahia state from PEC Energia for a value of $50 million, which has a generation capacity of 882 MW.
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