OVERVIEW - Solar, wind deals hit 3.7 GW in November 2017

Solar and wind deals totalled 3.7 GW in the month of November, Green Dealflow says in its monthly transaction activity report.

In comparison, 6 GW of solar and wind power assets changed owners in October.

Green Dealflow, an online marketplace for wind and solar projects, maintains a transaction database tracking equity transactions of solar and wind projects around the globe and below is a short overview of the activity in November.

SOLAR

In the solar industry, the report records 24 transactions amounting to approximately 700 megawatts. While the number of transactions has remained static over the past couple of months, the amount of capacity transacted has fluctuated drastically. The largest contributor to November’s dealflow is Italy, with ERG’s (BIT:ERG) 89-megawatt acquisition of eight solar facilities from VEI Green and Foresight. However, South Africa is the largest contributor concerning capacity transacted, the result of Globeleq’s 225-megawatt acquisition of Mainstream Renewable Power's minority equity interests in the the De Aar Solar facility and the Droogfontein Solar facility, both operational assets.

WIND

In the wind industry, the report records 20 transactions amounting to approximately 3 gigawatts. Like October, the United Kingdom dominates both the number of transactions and the capacity transacted—7 transactions amounting to approximately 1.4 gigawatts. The number of transactions is chiefly due to Greencoat Capital’s 96.4-megawatt transaction across five assets, while the capacity transacted is chiefly due to PKA and PFA’s investment in the Walney Extension wind farm. As the Walney Extension wind farm is a construction-phase asset, construction-phase assets constitute the majority of transacted capacity regarding phase.

The full report can be accessed here.

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