France, the top M&A target for wind energy contracts in Europe

A new analysis from Evaluate Energy’s M&A team shows that France is currently leading a busy European market in 2020, focused on wind power mergers and acquisitions.

Evaluate Energy’s data on renewable energy contracts shows that, so far, Europe has seen 100 deals made for wind assets in 2020. France accounts for a fifth of the activity. The UK ranks close behind with 16 business mergers or asset acquisitions, followed by Germany, Sweden and Norway.

Source: Evaluate Energy M&A

France also leads other European countries in terms of the power generation capacity involved in this year’s wind agreements. So far this year, France has seen agreements for stakes in more than 5.6 GW of wind projects. Only 10% of this value was made up of existing and productive projects, with the bulk of transactions focused on development projects.

Source: Evaluate Energy M&A

“The UK and Sweden have similar profiles to French activity when it comes to concluding wind energy deals,” said Eoin Coyne, senior mergers and acquisitions analyst at Evaluate Energy. “Most of the 2020 deals were made for projects under development.”

“In contrast, Spain – which is by far the European leader in solar energy agreements in 2020 – and Portugal also rank very well here in terms of wind capacity changing hands, but the majority of that capacity in both countries is already producing, ”he continued. “Germany ranks well in terms of the number of deals, but does not appear in this capacity ranking because the deals were all relatively small-scale projects.

In terms of key developments for the industry as a whole, Coyne highlighted the activity of one of the traditional oil and gas supermajors as something to watch closely.

“If we look at the most publicized activity through the prism of ‘energy transition’, it is interesting to see Total’s involvement in the European wind sector,” he said. “Our data shows that Total was involved in transactions including 1.6 GW of future production capacity in France and the UK in 2020 and was the only major traditional oil company to actually have a significant impact on the market. European wind power mergers and acquisitions this year. . ”

“Total also played an important role in the 8.0 GW of solar energy contracts in Spain this year, acquiring a portfolio of 1.2 GW projects in September,” he concluded.

Evaluate Energy’s M&A database includes data on every transaction made in the global energy and energy sectors at large.

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