Development assets emerged as the primary acquisition targets in the Nordic, Baltic, and Balkan regions in 2022, dominated by sub-250 MW range assets/portfolios. Sweden dominated the Nordic region with a 158% rise in deal activity during 2020-2022, primarily due to stable electricity prices owing to a higher share of hydropower in the domestic power mix, which increased investors' appetite for projects with quasi-merchant revenue. Meanwhile, rising demand for clean power amid the Russia-Ukraine crisis and supportive national policies are fueling transaction activity in countries such as Poland and Romania.
The above analysis is proprietary to Enerdatics’ energy analytics team, based on the current understanding of the available data. The information is subject to change and should not be taken to constitute professional advice or a recommendation.
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