Featured in More than just a number – 03-2018

Europe takes a second look

M&A and secondary markets: With the pace of solar growth in Europe slowing, activity in the secondary solar market appears to have picked up, funneling solar assets into the hands of a shrinking few. Such consolidation of the market has manifest in increased mergers and acquisitions activity, particularly in the O&M space. Is this new PV landscape an inevitability, a one-off, or simply cyclical?

By

Ian Clover

13 Mar 2018

In the U.K., some solar assets are now being sold for the second or third time as primary installation activity has slowed and the secondary solar market has grown.

It has been a busy 12 months for British renewables developer Lightsource. Around about this time last year the company was putting the finishing touches on 50 MW of new large-scale PV capacity across the U.K. in time for the 1.2 Renewables Obligation Certificate (ROC) deadline on April 1. A few months later, the developer …

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