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Wind Sector Receives $64 Million in VC Funding; M&A Transactions Total $678 Million
Mercom Capital Group llc, a global clean energy communications and
consulting firm, today released funding and merger and acquisition
(M&A) activity for the wind energy sector for the second quarter of
2011.
Venture Capital (VC) investments in the Wind sector came to $64 million
in three deals, compared to $9 million in two deals in Q1 of 2011.
M&A activity in the Wind sector more than doubled amounting to $678
million in five deals compared to $265 million in five deals in the
previous quarter. The most significant transaction this quarter was the
acquisition of Jantus SL by CPFL Energia for $596 million.
Thirteen large-scale project funding deals were announced amounting to
$2.3 billion compared to $1.2 billion in 11 deals in Q1 2011; all 13
deals in Q2 were for onshore projects. Top projects included $631
million construction debt for Terra-Gen Power's Alta Wind VI & VIII
Project, $500 million for Shepherds Flat Wind Farm, $260.9 million debt
for Invenergy Wind, $204 million for Terra-Gen Power's Alta V Project
and $177 million equity financing for NextEra Energy Resources.
Debt and other funding in the sector came to $3.9 billion in seven deals
in comparison to $247 million in three deals in Q1 2011. Most notable
transactions included a $1.9 billion credit facility for Vestas and a
$1.72 billion syndicated loan for Gamesa.
For a complete list of Q2 2011 transactions in the wind sector, visit: http://www.mercomcapital.com/cleanenergyreports.php
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