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EY recently reported that global power and utilities (P&U) transactions reached a record high of US$97 billion (€83.
4 billion) in the first quarter of 2018 (Q1), with about 49% of transactions involving renewable energy
.
According to EY's Q1 Power Transactions and Trends report, about 48% of the total deal value in the first quarter came from a large European transaction, namely Eon SE's acquisition of German renewable energy utility Innogy SE.
The deal, estimated at $46.
6 billion, also accounts for more than
76% of total transaction value in Europe.
In the first quarter, European power and utilities deals reached a record $61.
3 billion.
About 96% of this is attributed to renewable energy, transmission and distribution, and integrated assets
.
Miles Huq, Global Power and Utilities Transaction Leader at EY, commented, "The European power and utilities sector continues to lean towards renewable energy investment, with 30 clean energy deals announced in the first quarter of 2018 totalling US$6.
3 billion
.
As traditional European utilities continue to feel the pressure from renewables, as well as oversupply and declining demand, we could see more consolidation and scale expansion
in the future.
”
In the Americas, transaction value in the sector increased 32% sequentially to $29.
4 billion, including 22 clean energy deals
worth $3.
1 billion.
Miles Huq commented that the momentum for renewable energy in the United States continues
.
"Despite initial concerns that higher federal tariffs on imported solar cells would slow down the U.
S.
solar industry, the continued decline in technology prices and the determination of businesses to embrace renewable energy maintained momentum
in this area," he said.
”
Meanwhile, in Asia Pacific, transaction volume declined 58% from the fourth quarter of 2017 to $5.
8 billion
.
According to the report, looking at renewable energy-related transactions alone, the value plummeted by 90%.
According to EY's Power and Utilities Global Capital Confidence Index (CCB), about 71 percent of corporate executives expect an increase in mergers and acquisitions (M&A) activity over the next 12 months, and 61 percent see an improvement
in the industry economy.
EY recently reported that global power and utilities (P&U) transactions reached a record high of US$97 billion (€83.
4 billion) in the first quarter of 2018 (Q1), with about 49% of transactions involving renewable energy
.
According to EY's Q1 Power Transactions and Trends report, about 48% of the total deal value in the first quarter came from a large European transaction, namely Eon SE's acquisition of German renewable energy utility Innogy SE.
The deal, estimated at $46.
6 billion, also accounts for more than
76% of total transaction value in Europe.
In the first quarter, European power and utilities deals reached a record $61.
3 billion.
About 96% of this is attributed to renewable energy, transmission and distribution, and integrated assets
.
Miles Huq, Global Power and Utilities Transaction Leader at EY, commented, "The European power and utilities sector continues to lean towards renewable energy investment, with 30 clean energy deals announced in the first quarter of 2018 totalling US$6.
3 billion
.
As traditional European utilities continue to feel the pressure from renewables, as well as oversupply and declining demand, we could see more consolidation and scale expansion
in the future.
”
In the Americas, transaction value in the sector increased 32% sequentially to $29.
4 billion, including 22 clean energy deals
worth $3.
1 billion.
Miles Huq commented that the momentum for renewable energy in the United States continues
.
"Despite initial concerns that higher federal tariffs on imported solar cells would slow down the U.
S.
solar industry, the continued decline in technology prices and the determination of businesses to embrace renewable energy maintained momentum
in this area," he said.
”
Meanwhile, in Asia Pacific, transaction volume declined 58% from the fourth quarter of 2017 to $5.
8 billion
.
According to the report, looking at renewable energy-related transactions alone, the value plummeted by 90%.
According to EY's Power and Utilities Global Capital Confidence Index (CCB), about 71 percent of corporate executives expect an increase in mergers and acquisitions (M&A) activity over the next 12 months, and 61 percent see an improvement
in the industry economy.
