USA: Wind Energy M&A, Venture Capital Funding Decreased in Q2

A report on wind energy mergers and acquisitions (M&A) and venture capital (VC) funding has been issued by Mercom Capital Group, saying that M&A and VC funding decreased in the second quarter (Q2) of 2012, although the large-scale project funding turned in a strong quarter.

The large-scale wind power projects funding totalled USD 5.4 billion in 23 transactions, of which USD 4 billion was for 21 onshore wind power projects and USD 1.4 billion was for two offshore wind power projects, the TriplePundit news site summarises the information from the report.

The largest wind power project financing announced in Q2 was Northwind offshore wind farm, raising USD 741 million, followed by Lincs offshore wind farm (USD 662 million) and Alta Wind VII & IX wind projects (USD 650 million).

However, only five wind energy M&A transactions valued at USD 93 million took place in Q2, while VC funding totalled only USD 17 million in three transactions.

[mappress]

Offshore WIND staff, August 24, 2012; Image: dwellarizona