Enerdatics' latest analysis reveals a record $74bn in global solar, wind, and battery M&A activity YTD 2024, driven by $22bn of corporate takeovers in Q2 alone. In Europe, private equity (PE) firms are capitalizing on undervalued listed developers, securing assets amidst high interest rates and market constraints. In the US, investor-owned utilities are divesting their de-regulated renewables businesses to PE firms, enhancing liquidity and optimizing balance sheets. Notably, Q3 has seen a surge in transactions, totaling $40bn across 140 deals, with corporate takeovers accounting for the lion’s share. Key players include KKR, Brookfield, and GIP, who have been particularly active in large-scale acquisitions across the globe.
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