Renewables deals: 2008 annual review

Download Renewables deals: 2008 annual review - Mergers and acquisitions activity within the global renewable energy market (1.9MB)

Mergers and acquisitions activity within the global renewable energy market

Security of supply, energy diversification, technological breakthroughs and climate change regulation all play a part in driving the growth of the sector. 2009 will be a watershed year for the sector with the first year of the Obama presidency and the December 2009 UN Climate Summit in Copenhagen having a vital bearing on the future growth.

This report examines the rationale behind the overall trends and the key individual deals. We also highlight, in a series of deal dialogues throughout the report, some of the critical issues for companies engaging in deal activity within the sector, drawing on our global experience as an adviser to players in major deals in renewable energy markets.

We look back at 2007 and 2008 and ahead to 2009 and beyond. We see a sector that is expanding its boundaries, both in terms of its contribution to energy supply and in terms of the range of players involved. We see a sector where the leading companies are increasingly developing a global footprint. We see a sector that is becoming increasingly interesting to large industrial technology companies from outside the sector.

Looking ahead, the easing of the financial crisis will be key to deal flow. The near-term outlook for deals looks set to continue to be constrained. Set against this, there is a significant build-up of investment and pension funds money seeking to invest in the sector. Clarification of the true extent of the political commitment to clean energy will be a major factor. Technological developments will also play a key part in the shape of the sector, in particular the extent to which costs can come down as a result of technological innovation and economies of scale.

More information

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  All transactions 2008 - 181KB - Adobe Acrobat file
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