Green Dealflow has published its transaction activity report in the solar and wind industries for May, which you can access here.
The Green Dealflow Report is built on our transaction database, which tracks equity transactions of solar and wind projects from around the world.
After the slow-down of March and April in the market, the month of May shows an increasing trend in the number of transactions: our expectations from the past quarter have been met. The world is looking at renewable energies for re-building our societies and most countries are updating their regulatory frameworks and transitioning to green energy.
The number of transactions this month collects a total of 29 in wind and solar industry, 8 more than last month, reaching up to a total of 5.2 GW of capacity transacted, an impressive increase with respect to April, which registered 3.5 GW. The number show that there is surely increasing trust in the renewables market. Now let´s get to the highlights of the wind and solar industry.
The solar industry´s performance this month is slightly increasing with respect to the past 3 months, we reached up to 18 deals, with an overall capacity of 2,2 GW. Nonetheless there is still a long way to go to re-establish complete trust in the market. Among the most active countries this may, Spain and the U.S. have been showing enough interests in the market, closely followed by Germany and the UK. Besides the usual big players in the transaction market, an exclusivity agreement was signed this month between Encavis and Greengo, on a 500 MW + portfolio of utility scale subsidy-free solar projects in Denmark. Through this agreement, Denmark will gain the second position in the top 3 for MW per country. Karsten Nielsen, CEO of GreenGo comments on the good news by renovating the interest in the Danish solar market, especially thanks to the ambitious 2030 goal that will help accelerate the transition to clean energy, stimulating the demand for electricity.
In the wind industry, the 3.2 GW transacted overcome the solar industry ones with only 11 deals signed: the U.S. maintains its position at the top of the market, but we can see a higher diversification of countries pitching in several projects, augmenting our focus on what is going on the South African and Brazilian markets, for example. Of interest, the U.S. deal closed in Louisiana, in which the company SWEPCO acquired three wind facilities in north central Oklahoma in conjunction with its sister company, Public Service Company of Oklahoma (PSO). Pending regulatory approvals, SWEPCO will own 810 MW, or 54.5% of the 1,485-MW project. They will acquire the project at their completion in 2020 and 2021. This is the largest Louisiana investment in the renewable market, put forward by the Louisiana Power authority.
Eventually, the North Louisiana LPSC Commissioner Foster Campbell commented on the fact that Wind and Solar energies should not anymore be called alternatives, but they are now the first choice for many power companies: cleaner and cheaper.
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