DGAP-News: M&A activity in the Renewable Energy sector is set to increase, with Europe predicted to see the most significant activity
(firmenpresse) - DGAP-News: Rödl&Partner GbR / Key word(s): Study
M&A activity in the Renewable Energy sector is set to increase, with
Europe predicted to see the most significant activity
08.06.2011 / 12:39
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M&A activity in the Renewable Energy sector is set to increase, with Europe
predicted to see the most significant activity
7 June 2011, Munich - The renewable energy space is expected to see a high
level of M&A activity in the next 12 months, according to a new report
published by mergermarket, in association with Rödl&Partner. In a survey
conducted in Q2 2011 of 100 senior M&A practitioners involved in the
renewable energy sector, 72% expect an increase in renewable energy M&A
activity. This bullish sentiment could be attributed to a number of
factors, including the devastating effects of the Fukushima disaster.
67% of respondents expect Europe to be at the forefront of this increase,
forecasting the region will see significant activity. This is attributed by
some respondents to Europe's variety of resources, with one respondent
noting that: 'Europe has a great diversity: The Nordics are great for wind
power; Italy, Spain and Greece for solar; and continental Europe for
geothermal and biomass.' The long-term feed-in tariffs introduced by
Germany are also highlighted as an important aid in bolstering renewable
energy investment.
The renewable sector globally has seen 51 deals at a total value of
EUR10.6bn this year-to-date. Iberdrola's pending 20% stake bid for
Iberdrola Renovables SA is the biggest deal of the year at EUR2.6bn,
followed by Electricite de France SA's EUR1.5bn bid for EDF Energies
Nouvelles SA (50% stake).
Additional findings in the report include:
- A number of respondents commented on the recent Fukushima disaster,
believing it will prompt a movement towards rethinking nuclear energy,
making the renewable energy sector an attractive alternative;
- Respondents are split with regards to what impact the revolutions in
North Africa will have on the renewable energy sector, with 44%
believing that it will have an impact and 41% believing that it will
not. A small percentage of respondents remain uncertain;
- More than two-thirds of respondents (67%) say that emerging markets are
very important in the context of M&A activity in the renewable energy
space;
- The wind power and solar thermal niches are expected to see bustling
M&A over next year, while biomass gains greater prominence;
- Respondents deem SPVs as an ever more attractive option for
acquisitions, while interest in classical share deals wanes;
- Nearly three-quarters of the survey pool (72%) believe government
support will be a very significant external driver of M&A activity in
the renewable energy sector over the coming year;
- Nearly one-third of respondents (31%) believe feed-in tariffs
constitute the most effective government policy for driving investment
in the renewable energy sector.
Click here to download the full report:
http://www.mergermarket.com/PDF/RoedlPartners_Renewables_2011.pdf
Dr. Marcus Felsner, Rödl&Partner Nuremberg, says:
'The renewables industry has established itself as a major pillar of global
economic growth. Given the dynamic of events earlier this year, the
commercial, political and social drive for fossil fuel independence has
only further empowered investors, big and small. High transaction activity
in this promising sector - both in developed and emerging markets - is
poised to continue well into the future.'
Michael Wiehl, Rödl&Partner Nuremberg, says:
'Investors of all shapes and sizes are competing against one another in
this flourishing sector, therefore sustainable future growth can only be
assured in two ways - by beating out the competitors or by acquiring them.'
Stefan Brandes, Rödl&Partner Milan, says:
'Trade and private equity buyers need investment opportunities in Italy.
While other sectors are still bearing the brunt of the financial crisis,
the wind power and solar thermal subsectors will provide such
opportunities, thanks to the appealing incentives in place in Italy.'
For more information please contact:
Anna Henderson
Mergermarket , a part of the Financial Times Group
Ph: +44(0)2070596180
E: anna.henderson(at)mergermarket.com
Matthias Struwe
Eye Communications
Ph: +49(761)1376221
E: m.struwe(at)eyecommunications.de
About mergermarket:
mergermarket is an unparalleled mergers and acquisitions (M&A) intelligence
tool. In any market, the life blood of advisers is deal flow. Mergermarket
is unique in the provision of origination intelligence to the investment
banking, legal, private equity, acquisition finance, public relations and
corporate markets. With an unrivalled network of journalists covering M&A
across Europe, North America and APAC, mergermarket generates proprietary
intelligence and delivers it, together with daily aggregated content, both
on its mergermarket.com platform and by real-time email alerts to over 400
institutional subscribers. mergermarket is all about deal-making
intelligence. www.mergermarket.com
About Rödl&Partner:
Rödl&Partner, with 3,050 people in 85 own offices and 38 countries, is
the leading independent professional service firm for German business with
international operations. The success factors for Rödl&Partner are
excellent interdisciplinary expertise in the fields of law, tax, business
consulting and audit&accounting, the extensive experience over many years
with cross-border activities, sustainable development of staff and
intrinsic entrepreneurial drive. As one of the leading professional
services firms in the field of renewables, Rödl&Partner has decades of
experience in advising the full spectrum of interested parties - from
utilities in Germany to project developers in India, engineering groups in
Brazil and investment funds in USA. Our thorough and practical knowledge of
the renewables market ensures that our clients get the best return from
their opportunities and have the right answers to proceed - anytime and
anywhere in the world. www.roedl.com
End of financial news
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127885 08.06.2011
Datum: 08.06.2011 - 12:39 Uhr
Sprache: Deutsch
News-ID 34339
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