Wind sector VC funding and M&A activity up compared to Q2 2011

Mercom Capital Group llc, a global clean energy communications and consulting firm, today released funding and merger and acquisition (M&A) activity for the wind energy sector for the third quarter of 2011.

Sponsors

Sponsors

Sponsors

Venture Capital (VC) investments in the Wind sector amounted to $284 million in seven deals, compared to $64 million in three deals in Q2 2011. The major deal in the quarter was Goldman Sachs’ private equity arm’s announcement to invest $202 million in ReNew Wind Power.

M&A activity in the Wind sector was slightly up in Q3 2011, amounting to $744 million in four transactions compared to $678 million in five transactions in the previous quarter. The most significant transaction this quarter was the acquisition of Hansen Transmissions International by ZF Friedrichshafen for $724 million.

Twelve large-scale project funding deals were announced amounting to $4.1 billion, compared to $2.3 billion in 13 deals in Q2 2011. Top projects included a $1.5 billion loan for Global Tech I’s Offshore Wind, $1.2 billion in equity financing for Meerwind Wind Farm by WindMW, a $410 million syndicated loan for Meridian Energy’s Macarthur Wind Farm, a $328 million loan for Dong Energy’s Anholt Offshore Wind Farm and a $217 million loan for AGL Energy’s Macarthur Wind Farm.

Most of the large-scale project funding activity was in Germany, followed by Australia and Denmark. IFC and EBRD were the most active investors.

For a complete list of Q3 2011 transactions in the Wind sector, visit: http://mercomcapital.com/cleanenergyreports.php

Source: Marcom Capital Group