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 October.
In the solar industry, the report records 23 transactions amounting to approximately 4.1 gigawatts. While the number of transactions has not increased significantly compared to September, the amount of capacity transacted has increased almost six times. The largest contributor is the United States with major transactions such as ABP’s acquisition of the Moapa solar farm or NextEra Energy Partners’ acquisition of the Desert Sunlight solar project. Regarding capacity transacted, the United States is followed by Mexico’s almost 1 gigawatt of capacity transacted chiefly the result of Caisse depot et placement du Québec and CKD Infraestructura México’s acquisition of numerous projects from Enel Green Power. Regarding numbers of transacted, the transactions are well-balanced among different phases; however, construction-stage assets dominate regarding capacity transacted.
The wind industry has seen significant transaction activity during October, although much less than has the solar industry. October saw 19 transactions, up from just 7 in September. Moreover, capacity transacted has increased from approximately 900 megawatts in September to approximately 2.4 gigawatts in October. The United Kingdom dominates wind transactions regarding capacity, followed by Mexico. Mexico’s large amount of transaction activity in the wind industry is due to the same transaction by Caisse depot et placement du Québec and CKD Infraestructura México who together has acquired numerous wind and solar projects from Enel Green Power. Those assets transacted are predominantly operation-stage assets.