OVERVIEW - Solar and wind transactions top 20 GW in Q1

Wind buyers in Q1 by Green Dealflow.

May 3 (Renewables Now) - Green Dealflow's quarterly transaction activity report for the first quarter of 2017 shows wind and solar transactions of over 20 GW.

Below is a short overview by Steven Young, business analyst at the online marketplace for wind and solar projects. The report is built on the basis of Green Dealflow’s transaction database.

In the solar industry, the report records just short of 50 transactions amounting to approximately 7.7 GW. The report highlights significant deal flow of pre-operational assets, in line with the immense capacity growth of the solar industry. While operational assets are the most frequently transacted phase in terms of the number of transactions, Longroad Energy Holdings’ 3-GW solar portfolio acquisition from 7X Energy Inc skews deal flow by capacity towards the construction phase. Additionally, in terms of deal flow by country, this single transaction skews the deal flow toward the United States, followed by the United Arab Emirates and the United Kingdom, respectively.

In the wind industry, while the report records only about 10 more transactions compared to the solar industry, the amount of deal flow by capacity, at approximately 12.6 GW, is almost double that of the solar industry. Equivalent to the solar industry, deal flow by capacity is heavily skewed towards the construction phase due to megaprojects, most notably Statoil ASA (NYSE:STO) and SSE Plc (LON:SSE)’s acquisition of additional equity in the 4.8-GW Dogger Bank offshore wind project. Because the latter asset is located in the UK North Sea, the United Kingdom dominates the wind energy deal flow by country, followed by Germany and United States, respectively.

Apart from Longroad, the top 3 buyers list in solar also includes NRG Yield and EDF Energies Nouvelles (EDF EN). For wind we see Statoil, Vattenfall and ConEdison Development as the top buyers in terms of capacity.

Steven is a Business Analyst at Green Dealflow where he is responsible for the transaction database.

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About the author

Steven is a Product Manager at Green Dealflow where he is responsible for the transaction database. He also has experience from upstream oil and gas as well as academia.

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