Renewable energy sector sees M&A deals worth $33.4 bn in 2010

The renewable energy sector witnessed mergers and acquisitions worth USD 33.4 billion last year, with the Asia-Pacific region, including India, accounting for 12 per cent of the total value, says global consultancy firm PwC.

The overall transaction value is much less than the USD 48.8 billion seen in 2009, even though the count of deals rose to 530 last year from 319 in 2009.

In the Asia-Pacific region alone, there were deals to the tune of USD 3.56 billion in the renewable energy sector last year, with Chinese deals alone worth USD 2.13 billion.

According to PwC, India stood third in terms of total deal value in the renewable energy sector in the Asia-Pacific. India witnessed deals worth USD 388 million, after China (USD 2.13 billion) and Australia (USD 684 million).

Indian deals accounted for just 11 per cent of the total value in the Asia-Pacific. Other nations covered in the region are Indonesia, Japan, Philippines, Singapore, South Korea, Taiwan and Vietnam.

“In the Indian context, policymakers and regulators need to appreciate that their support to renewable energy through procurement obligations and feed-in tariffs is not necessarily an expensive source of power for state utilities,” PwC India Leader (Energy, Utilities, and Mining) Kameswara Rao said.

Rather, renewable energy can provide protection against fuel inflation and enhance security of supply over the longer term, Rao added.

Like this content? Join our growing community.

Your support helps to strengthen independent journalism, which is critically needed to guide business and policy development for positive impact. Unlock unlimited access to our content and members-only perks.

最多人阅读

专题活动

Publish your event
leaf background pattern

改革创新,实现可持续性 加入Ecosystem →