Wind and solar power energy deals outpaced those of other renewable energy sources in 2017 and 2018 to date, according to Preqin, a London-based industrial data company on Wednesday.
Last year, wind power assets accounted for 584 deals, the most of any sector out of the record 1,349 renewable energy deals, worth $77 billion, Preqin said.
According to the company, from 2008 to 2017, wind power accounted for the largest proportion of renewable energy deals. Wind accounted for 41 percent of the number of deals in 2016 and 43 percent in 2017.
However, since 2008, solar power deals have accounted for an increasing proportion of renewable energy deals making up 13 percent of the number of deals in 2008, but in 2017 this increased to 35 percent.
'This year so far, there have been 362 renewable energy infrastructure deals worth $17 billion,' according to the data company.
Solar power has accounted for over half (51 percent) of the number of deals, while wind power has made up 38 percent.
'Interestingly, despite accounting for just 10 percent of renewable energy infrastructure deals in 2017, two of the largest five deals in 2017-2018 year to date were hydropower-focused: Aankhu Khola Hydro Power Plant was acquired by Hydro Solutions for $4.5 billion, and Muskrat Falls Hydroelectric Project was acquired by Nalcor Energy for $2.9 billion,' Preqin said.
Preqin said that as the renewable energy industry matures, secondary stage deals have become more prominent: in 2008, they accounted for 45 percent of the number of deals, but that rose to 61 percent in 2017, and 61 percent in 2018 year to date.
Preqin, which was founded in 2013, is the leading source of information for the alternative assets industry, providing insight and analysis gathered by a global team of researchers.
By Gulsen Cagatay
Anadolu Agency
energy@aa.com.tr