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Wind sector VC funding and M&A activity up compared to Q2 2011
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 third quarter of
2011.
Venture Capital (VC) investments in the Wind sector amounted to $284
million in seven deals, compared to $64 million in three deals in Q2
2011. The major deal in the quarter was Goldman Sachs' private equity
arm's announcement to invest $202 million in ReNew Wind Power.
M&A activity in the Wind sector was slightly up in Q3 2011,
amounting to $744 million in four transactions compared to $678 million
in five transactions in the previous quarter. The most significant
transaction this quarter was the acquisition of Hansen Transmissions
International by ZF Friedrichshafen for $724 million.
Twelve large-scale project funding deals were announced amounting to
$4.1 billion, compared to $2.3 billion in 13 deals in Q2 2011. Top
projects included a $1.5 billion loan for Global Tech I's Offshore Wind,
$1.2 billion in equity financing for Meerwind Wind Farm by WindMW, a
$410 million syndicated loan for Meridian Energy's Macarthur Wind Farm, a
$328 million loan for Dong Energy's Anholt Offshore Wind Farm and a
$217 million loan for AGL Energy's Macarthur Wind Farm.
Most of the large-scale project funding activity was in Germany,
followed by Australia and Denmark. IFC and EBRD were the most active
investors.
For a complete list of Q3 2011 transactions in the Wind sector, visit: http://mercomcapital.com/cleanenergyreports.php
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