More than $20bn in pipeline deals

In 2017 YTD, M&A volume for renewable energy reached $15.4bn across 132 deals compared to only $3.6bn across 66 deals in 2013 YTD, representing an increase of 322% over the 4-year period. Such deals have grown steadily, with YTD volume consistently up year-on-year since 2013—and the deal pipeline looks set to keep the upwards trend. Earlier this year, Saudi Aramco was widely reported to be considering $5.0bn of investments into the renewable energy sector. Plus, RWE recently declined to comment on the record about possibly selling a 25.8% stake in innogy, valued at $5.1bn. With volume for the 10 largest rumored deals totaling $19.6bn, there could be a lot more M&A yet to come in the industry.

Incentives for a healthy planet

Clean energy and climate change have been key topics in recent weeks, especially at the G-20 summit, where the US Government announced they would not support the Paris Climate Agreement. However, business incentives could still encourage companies to invest in sustainability. The US was the third most active country by deal count (12 deals), behind China and Japan, in terms of renewable energy M&A this YTD. Furthermore, the biggest renewable energy deal of the year was a US-targeted transaction—Brookfield Asset Management’s $5.4bn acquisition of TerraForm Power and TerraForm Global.

Data source: Dealogic, as of July 19, 2017

Rank	Country	Deal No.	Volume	Vol. Share
1	China	25	$2.0bn	12.9%
2	Japan	16	$66m	0.4%
3	US	12	$5.7bn	37.2%
4	Thailand	10	$37m	0.2%
5	Philippines	8	$65m	0.4%
6	Germany	7	$391m	2.5%
6	India	7	$370m	2.4%
6	Italy	7	$357m	2.3%
9	France	6	$866m	5.6%
10	Malaysia	4	$561m	3.7%
10	Australia	4	$85m	0.6%

Renewable energy M&A heats up. With steady growth over recent years, what are the big deals in the pipeline?

Renewable Energy M&A Deal No. by Country – 2017 YTD

More than $20bn in pipeline deals

Incentives for a healthy planet