Accounting, tax and advisory firm CohnReznick LLP has released a new report, “Green Energy 2013: Renewable Energy M&A Activity in the Americas”, published in collaboration with Clean Energy Pipeline. The report focuses on mergers and acquisitions (M&A) activity in the renewable energy sector in the Americas, based on a survey of more than 800 senior executives in the renewable energy industry worldwide.
The report found that the U.S. is the most attractive country for investors with almost 45 percent of survey respondents planning to invest in or acquire in the U.S. renewable energy sector during the next 18 months, more than double the number targeting Germany. Globally, a total of 591 acquisitions valued at $37.8 billion were announced in 2012, a 58 percent increase by number on the 375 deals totaling $42.1 billion announced in 2011.
· The Americas accounted for 42 percent of the total value of M&A deal activity last year.
· Wind and solar were the most active sectors, accounting for a combined 78 percent of total value of all transactions.
· Solar is the most attractive sector for North American survey respondents. Some 63 percent of survey respondents are targeting investments or acquisitions in solar PV, more than the number targeting biomass (45 percent), onshore wind (41 percent) or biofuels (39 percent).
· Renewable energy projects are now cost competitive with newly built fossil fuel power plants in many Latin American countries.
· Canada is now the fifth most attractive country globally for renewable energy investment, showing a significant increase of survey respondents who are targeting Canada for clean energy investments than last year.