Green Dealflow has published the quarterly transaction review for the third quarter of 2022: the full dataset for solar and wind transactions closed in this period is available here.
The content is a key tool to get a clear picture of the market by the country’s records on renewable energy. The reports are built by our analysts and can be utilized as support to define a more aware investment strategy.
The third quarter of 2022 has seen a total of 66 deals, with a total capacity of solar and wind transacted of 18.558 MW, more than doubling the transacted capacity in the second quarter.
During Q3, the solar industry’s transaction performance reached a total of 37 deals (33 in Q2) with an overall capacity of 9.092 MW (4.534 MW in Q2), which is almost two times compared with the second quarter of 2022. The US, with 8 transactions, jumps on the top of the podium for the number of deals, and also dominates for the number of Megawatts involved (5384 MW), followed by Australia and Germany.
The wind industry also saw a significant contraction compared to the first quarter, with 29 deals signed (20 in Q2), and a total capacity of 9.446 MW (3.665 in Q2), reaching the levels of Q1. The protagonists of this period have been Germany, the US, Italy, and Sweden.
Among the biggest deals, Matrix Renewables acquired 4.6 GW of utility-scale solar projects in the US from SolarStone Partners. The parties also agreed to foster the development of the portfolio and explore new opportunities in the US markets.
Another deal saw Siemens Gamesa finalizing the sale of 3.9 GW of wind projects to SSE Renewables. The project portfolio is located in southern Europe, mainly in Spain, France, Italy, and Greece for EUR 613 million. Most of the projects are in the early development stage, meaning that SSE Renewables will realize the projects in the coming years.
Alte Leipziger Hallesche Group has signed to acquire a 49.9% stake in a 597 MW solar portfolio in Germany from Energie Baden-Wuerttemberg AG. The solar farms were developed and built by EnBW, which continues to operate them.
Follow us for much more news and insights!
Green Dealflow is an exclusive matchmaker for professional investors and project developers in the solar and wind industry. For developers, we provide the service of introducing the relevant investors or PPA off-takers for their projects within 2-4 weeks (off-market with discretion). Other services we provide to the developers are secure data room service, financial modelling service, running a structured process to sell projects etc. For investors, we provide the project based on their investment criteria and run an RPF process to source projects in any market as a mandate holder. Further to this, we deliver renewable news and trends, blog posts, and business intelligence, e.g. through transaction reviews etc., to our client base periodically. Remember to register your interest with us.