Despite uncertainty in the renewables sector going in to 2017, last year ended with some of the strongest wind and solar mergers and acquisitions activity to date, and 2018 could be even stronger, nawindpower.com reports. While there has been an increase in the number of competitors in the U.S. renewables market, an imbalance in supply versus demand has “resulted in highly competitive auction processes and evolving perspectives on project life and merchant pricing in order to maintain competitiveness,” according to the article. Increasing competition to acquire projects highlighted the scarcity of quality teams to develop projects, leading market participants to move quickly to “secure both development teams and project pipelines.” Nawindpower.com expects the trends from 2017 to continue, with the number of investors entering the renewable energy market continuing to increase while energy companies increasingly focus on renewable energy to replace retiring coal and nuclear plants. For more, read the full article.
After a strong 2017 for renewables mergers & acquisitions, 2018 could be even better
