📈 M&A Trends: Enerdatics data suggests that private equity companies have targeted large platforms or portfolios of utility-scale solar and onshore wind projects that are in the early to late stages of development.
🚀 Key Drivers: Amid increasing competition and development challenges for renewables in Western European countries, these companies are looking at the Nordics as an ideal market to diversify their investments. Further, stable market conditions and conducive government support are also spurring investor interest.
💡 Recent Moves: Mitsubishi HC Capital carried out one of the largest transactions in the region when they acquired a 20% stake in Denmark-based European Energy for $1bn. Further, Ingka Group, MEAG, and Sandbrook Capital also entered into GW-scale pipelines in the region through M&A.
🌟 More recently, Eiffel Investment Group agreed to acquire a 50% stake in a 1.6 GW renewable energy portfolio in Sweden from Landinfra Energy for $32mn. The portfolio primarily comprises solar assets with the projects expected to reach the read-to-build stage by 2025.
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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