•  
  •  
  •  

OVERVIEW - Wind, solar deals in July turn 6 GW

Green Dealflow July transaction review

August 20 (Renewables Now) - Green Dealflow’s monthly overview of wind and solar deals  shows 6 GW of gross capacity was transacted this July.

The online marketplace for wind and solar projects maintains a transaction database tracking publicly announced sales and purchases of equity interests in solar and wind assets.

SOLAR

In the solar industry, the report records 12 transactions amounting to approximately 2.3 GW in gross capacity transacted. Following a strong performing June with 10 transactions for an overall 2.4-megawatt solar portfolio, July continued strong performance in solar energy deal flows. That was primarily thansk to Silk Road Funds acquiring a 24% stake in the asset of ACWA Power, a development project in Dubai. The 700-megawatt concentrated solar power (CSP) project, the largest single-site CSP plant in the world, will be jointly developed by Silk Road Fund, the Dubai Electricity and Water Authority and Saudi Arabia's ACWA Power. This significant transaction secures the leading position of the United Arab Emirates on the countries ranking list in terms of MW transacted. The United States of America follows with 680 MW in four transactions.  

WIND

Тhe wind industry recorded 16 transactions amounting to approximately 3.7 GW in gross capacity transacted, the vast majority of which is construction-phase projects. The USA is leading the country ranking the same as June regarding the number of transactions with a total of five transactions. There were six transactions in the development stage and two transactions in the operation stage. About capacity transacted USA is leading with 1416 MW, followed by Sweden with 915 MW. The total capacity in comparison to the previous month went up by approximately 54%. The growth was mainly due to BluEarth Renewables Developing a 795 MW Wind Development Portfolio in Wyoming, USA.  The company wants to strengthen its position in the USA, and this latest acquisition comes after the recent addition of 80% interests in two operating wind facilities in Minnesota. 

The full report can be accessed here.

More stories to explore
Share this story
Tags
 
About the author
Browse all articles from Mariyana Yaneva

Mariyana is a founding member of the Renewables Now team. With nine years of professional experience in renewables she has built strong expertise in the wind industry and French-speaking markets.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription