2011 represented an exciting year in the ongoing development of the renewable energy sector, according to KPMG’s Green power 2012 renewable energy M&A report.
Globally, a total of 591 renewable energy M&A deals valued at US $51.2 billion were announced during 2011, a significant increase on the 431 deals totaling US $24.2 billion recorded in 2010. A surge in wind and solar PV M&A activity, which increased 132% and 37% respectively, was the principal driver. Last year was also notable for a substantial rise (300%) in the total value of M&A transactions in the biomass sector.
In Q1 2012, 150 M&A transactions totaling US $9 billion were announced, a slight increase from the US $8.75 billion value of 150 transactions in Q4 2011. Yet despite great uncertainty across key renewable energy markets, respondents remain optimistic that renewable energy deal flow will remain robust in the next 5 years.