Renewable Energy Update : First Quarter 2011
Deloitte Financial Advisory Services
This quarter’s Renewable Energy Update, produced by Deloitte Financial Advisory Services, summarizes the most recent transactions along with information on the most active buyers, current transaction valuation multiples and an overview of the public market’s perception of the industry.
This quarter’s highlights
M&A activity in the renewable energy market has significantly increased in Q1’11: Mergermarket reported 35 renewable energy deals in Europe for Q1’11 compared to respectively 89 and 105 deals for the full years 2010 and 2009. Disclosed deal value was €4.83 billion for Q1’11, versus €6 and €9.24 billion in respectively 2010 and 2009. Stock quotes of wind and solar companies have raised mainly as a result of the recovery of the global economy, but also due to an increased focus towards alternative energy sources following the recent nuclear and ecological disaster in Japan. As increased stock quotes are supported by higher sales and EBITDA figures, multiples remained relatively stable.
This edition of the newsletter also features an article highlighting the main changes proposed to the Flemish Energy Decree of 8 May 2009, which have been approved by the Flemish Parliament’s Energy Commission on 6 April 2011.
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