Green Dealflow’s monthly overview of wind and solar deals shows 4.8 GW of gross capacity transacted, equally split between the two renewable energy sources.
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.
In the solar industry, Green Dealflow records 10 transactions amounting to approximately 2.4 GW gross.
Following a weaker May with only 4 transactions, June showed strong performance in solar energy deal flows. That is primarily due to Global Atlantic Financial Group Ltd acquiring a third of a huge portfolio of Southern Power, a subsidiary of US energy company Southern Co (NYSE:SO). The portfolio comprises 28 operational solar photovoltaic (PV) plants with a total capacity of 1.7 GW. The buyer is a retirement, life and reinsurance company spun out of Goldman Sachs in 2013. Besides plants in Nevada, New Mexico, North Carolina and Texas, the largest number of projects and capacities is located in California and Georgia.
As for the wind industry, Green Dealflow’s report shows 13 transactions amounting again to roughly 2.4 GW gross, the vast majority of which is construction-phase projects.
The transaction stages are evenly split between operation and development.
With regard to capacity transacted Brazil ranks first, closely followed by the US and Canada. Although the total capacity in comparison to the previous month went down, Green Dealflow points to an important transaction for Siemens Gamesa Renewable Energy SA (BME:SGRE). The latter will supply 471 MW of wind turbines to Neoenergia, a subsidiary of Spain's Iberdrola SA (BME:IBE). This transaction represents the largest building contract in Brazil so far.