Renewable Energy Update : Fourth Quarter 2009
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
During Q4'09, return of confidence was confirmed in the public markets where CTRE companies performed better than the market as a whole (Nex index vs DJ Eurostoxx 50). M&A activity in Europe for the CTRE sector significantly improved during Q4'09::
- Announced European transactions have more than doubled compared to Q4'08;
- Average deal value during Q4'09 (106€m) increased by 89% compared to Q4'08;
- However, trading multiples in some specific sectors like wind and solar decreased on average by 7% and 3% respectively for Q4'09 compared to Q3'09, while on the contrary in the biomass and biofuels sectors trading multiples improved by 17% on average.
Download the Renewable Energy Update below.