Monthly Transaction Review, June 2019

Posted by Shantal Göres on July 05, 2019 | No comments

This week, Green Dealflow published its monthly transaction activity report of the solar and wind industries for June (access it here). The report is built from Green Dealflow’s transaction database that tracks equity transactions of solar and wind projects around the globe. Altogether the month of June has been a slow month as compared to May both in terms of the number of transactions and total capacity transacted in solar and wind transactions. We captured 35 solar and wind deals overall mounting to 5.1GW (gigawatts).   

In the solar industry, the report records a total of 17 transactions amounting to more than 1.5 GW in gross capacity transacted. As compared to a busier May with 22 transactions amounting to more than 4.3GW, June was slightly slower regarding MW transacted and a number of transactions in solar energy deal flow.

Different than last month, Australia was in the leading place regarding total MW transacted with transactions amounting to 460MW. The leading position of Australia was due to METKA EGN transaction. The Greek EPC contractor announced their first acquisition of a 260 MW solar photovoltaic (solar PV) project in Australia. 

India followed Australia with a single transaction of 310MW: Indian company Essel Infraprojects Ltd. agreed to offload 310 MW of operational solar assets from its 658-MW portfolio to domestic conglomerate Adani Group.

In the wind industry, the report records a total of 18 transactions amounting to more than 3.5GW in gross capacity transacted. As compared to a fairly quiet month of May with 20 transactions amounting to 3.2GW, June was slightly busy regarding MW transacted in wind energy deal flow.

Australia was in the leading place regarding total MW transacted with transactions amounting to 907MW. The leading position of Australia was due to Danish wind turbine manufacturer Vestas acquiring a majority stake in Winterbourne wind farm from Walcha Energy.

The USA was in second place with 2 transactions of 750MW. This was due to Canadian renewable energy company Algonquin Power & Utilities Corp receiving the approval to acquire 600 MW of wind power generating capacity in the US.

About Green Dealflow Green Dealflow is an online marketplace for buyers and sellers of wind and solar projects. On the marketplace, you can create a free account and search for assets to invest in, find investors for your asset, or PPA Off-takers can look for business partners on a “no cure – no pay” basis. Further to this, Green Dealflow delivers news, blog posts and business intelligence, e.g. through a transaction database and monthly reports. Visit us at www.greendealflow.com. 

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