Monthly Transaction Review, February 2019

Posted by Lars Winkel Olsen on March 07, 2019 | No comments

 This week, Green Dealflow published its monthly transaction activity report of the solar and wind industries for February (access it here). The report is built from Green Dealflow’s transactiondatabase that tracks equity transactions of solar and wind projects around the globe. Altogether the month of February has been a slow month in both solar and wind deals with 26 transactions overall mounting to 3.78GW (gigawatts).

In the solar industry, the report records 15 transactions amounting to approximately 805MW (megawatts) in gross capacity transacted. As compared to an active January with 16 transactions of the 3.73GW solar portfolio, February was significantly less busy regarding MW transacted in solar energy deal flows. Spain was again in the leading place regarding total MW transacted with 3 transactions amounting to 313MW. Spain's leading position was mainly due to Ardian Infrastructure and White Summit Capital AG investing in an unsubsidized 182.5MW project that JinkoPower isdeveloping near Seville, in Spain’s Andalucia region. The USA followed Spain with 4 transactions of 155MW. The full capacity in comparison to the previous month went down by 78.4%.

As for the wind industry, the report records 11 transactions amounting to approximately 2.97 GW in gross capacity transacted. Following the busy January with 14 transactions mounting to 3.24 GW, the trend continued in February for wind energy deal flows. The USA were in the leading place regarding total MW transacted with one transaction of 724MW. The leading position was primarily due to American Electric Power signing an agreement to acquire Sempra Renewables LLC and its 724MW of operating wind generation and battery assets. The total capacity in comparison to the previous month went down by approximately 8.27%.

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