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Solar, wind capacity transactions up by 37% in 2018

Author: Flazingo Photos. License: Creative Commons, Attribution-ShareAlike 2.0 Generic (CC BY-SA 2.0)

February 5 (Renewables Now) - The past year was quite busy for wind and solar with an increase of 23 GW in gross capacity transacted as compared to 2017, according to Green Dealflow's Transaction Database.

In the solar sector, gross capacity transacted rose significantly by 50% from 20,820 MW in 2017 to 31,245 MW in 2018. A total of  197 transactions were recorded whereas the year before the number of deals transacted summed up to 209.

The gross wind power capacity transacted increased by 30% from 42,545 MW in 2017 to 55,386 MW in 2018. The number of deals was also up, to 238 transactions from 211.

SOLAR

The US, the UK and Australia remain clear front runners as they account for more than 60% of total global solar transactions. In comparison to 2017, the annual transaction activity report by Green Dealflow reveals an increase of annual deals for both the US and Australia, from 53 to 69 and from 14 to 23, respectively. The UK, however, records a deal decrease from 37 to 19.

The top sellers of solar assets in 2018 are led by the British company Belltown Power Ltd and followed by the Canadian investment board CPPIB. When it comes to solar purchases, the investment fund Global Infrastructure Partners ranks on top of the list followed by Foresight Solar. Canadian Solar secures the third place both as a top buyer and a top seller.

In terms of lifecycle phase of the assets in the transactions, 2018’s solar deal flow mostly concerned operational and development-stage assets, whereas in 2017 most assets transacted were in operation or construction phase.

WIND

In line with the solar industry, the US and the UK are again the leaders as they account for 39% of total global wind transactions. In comparison to 2017, the Green Dealflow report reveals an increase of annual deals for the US and a significant decrease for the UK, from 43 to 63 and from 45 to 22 respectively. Canada ranked on the third place and records a jump of more than 300% from 6 to 19 deals since 2017.

The top sellers of wind assets in 2018 are significantly dominated by the American company NRG Energy, followed by CPPIB, Elawan Energy and Genera Avante. Regarding the number of assets purchased in 2018, the investment fund Global Infrastructure Partners ranks on top of the list for wind too, followed by NextEra Energy Partners and Enel.

In terms of lifecycle phase, the wind industry follows the solar industry with mostly operational and development-stage assets. In line with solar deals in 2017, most assets transacted were in operation or construction phase.

Green Dealflow's Transaction Database represents tracks publicly announced equity transactions in solar and wind projects around the globe. The full 2018 review can be downloaded here

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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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