Green Dealflow has now published the monthly transaction activity report in the solar and wind industries for March (access it here). The Green Dealflow Report is built on our transaction database, which tracks equity transactions of solar and wind projects from around the world. The number of transactions in March presents a smooth increase with respect to February: 32 were the transactions recorded. Comparing to the 28 transactions of February, this is good news during those hard times. Even though the number of transactions were not far from the number of February, the overall MW capacity transacted skyrocketed to 7.65 GW, which underlines how quality of deals overcame quantity this month. This positive trend is a character that both wind and solar industries show.
With such an impressive performance of the quality of transactions, the solar industry records a total of 16 deals, reaching up to 4.0 GW in gross capacity transacted. The solar market this month presents itself with a very dynamic scenario. Among the several news worth mentioning, 7 projects were sold in development phase and Q Cells, the South Korean – German based company, has transacted 940 MW with only one deal in Spain, accounting for the largest deal in the country by Q cells up to date. For this month, Q Cells is the Top Buyer in the solar industry. As for the last month, the USA still proves itself as the country with the highest number of deals on a monthly basis, doubling the February numbers, reaching towards 8 deals closed this month.
Twinning with the solar market, in the wind industry we are reaching with 16 deals, around 3.8GW in gross capacity transacted. By looking at the past trends, we see an increase in the total transactions not only by number, but in the number of companies pitching in this month. A sneak peek: the Japanese energy supplier Jera Co. Inc. Took a 44% stake in the up-to 2GW Formosa Offshore wind project in Taiwan, following the 7.64% reduction in the offshore wind FiT for freshly contracted project, which was implemented by the Taiwanese Government this year. Reason why Taiwan, gains top step in the wind podium. Furthermore, we are proud to see the engagement of several other countries in closing deals this month, especially as they are getting closer to the high level of transactions of the US, which has been keeping the lead in the market of renewables in the past months. There is higher engagement from several European countries, creating high expectations for the future developments.
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