Wind M&A Activity Strong
Global venture capital (VC) funding in the wind sector increased to $455 million in 2013 compared to $315 million in 2012. Total funding into the wind sector reached $28.1 billion in 2013, including VC funding, public market financings, debt financings and announced project funding deals.
Seven downstream companies raised a combined $374.3 million in 2013. Six small wind turbine manufacturers raised $68.8 million. One wind component company raised $6.2 million and three monitoring software companies raised $5.5 million.
The top VC funded company in 2013 was ReNew Power, an Indian wind project developer, which raised $135 million, followed by Mainstream Renewable Power, an independent renewable energy project developer, which raised $133 million.
Public market financings accounted for $5.8 billion in 17 deals in 2013 including six IPOs totaling $2.3 billion.
Large-scale project funding in 2013 amounted to $18.1 billion in 114 deals, compared to $14 billion in 72 deals in 2012. There were a total of 150 investors that participated in project funding in 2013. The most active project funding investors were KfW IPEX-Bank with nine deals, followed by the European Investment Bank with seven deals, and Nord/LB with six deals.
The top M&A transaction in 2013 was the $1.25 billion acquisition of Kaydon Corporation, an industrial manufacturer and supplier of wind turbine bearings, by SKF Group, a global supplier of bearings, seals, mechatronics, lubrication systems, and other services. Disclosed project acquisitions increased in 2013 with 116 transactions compared to 72 transactions in 2012, representing over 16 GW that changed hands. There were 37 project acquisitions in Q4 2013 compared to 26 in Q3 2013.
Why bring buildings online? What information can operations teams glean from real-time data that they can’t just get from the monthly data provided by utility companies? Click to learn more.
- Existing Building Technologies Combine for Increased Savings
- The Future of Operational Risk Management: The Oil & Gas and Chemicals Approach
- Smart Companies Utilize Integrated Energy Solutions
- 2014 Environmental Leader Product and Project Awards
- Improve Your Company's Environment and Energy Performance
- Energy Financing Report
- Unlocking the Value of Energy & Operational Data
- Let's Do The Math for DR
- Combined Heat and Power
- Increase the Value of Demand Response Through Automation
- Cut Costs and Improve Facility Operations with Energy Data
- Energy Procurement Strategies for Winter 2014 and 2015
- Energy Efficiency Requires Engineering Efficiency
- Integrated Building Optimization: A Crucial Convergence of Demand-side and Supply-Side Energy Management Strategies
- Driving Productivity and Profit with Industrial Energy Management