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M&A

Why has the M&A landscape struggled to take off for renewables in Vietnam?

The Vietnamese renewables industry has been flourishing lately. Taking the example of the solar sector, the installed capacity increased from barely 134 MW in 2018 up to 6,000 MW in 2020. Vietnam has definitely emerged as one of the most active countries in South-East Asia and with the merit of diversifying its energy mix. They added capacity not only in solar – utility scale, commercial & industrial (C&I) rooftop – but also onshore/nearshore wind, hydro and to some extent biomass energy projects. Vietnam has shown levels of dynamism which has attracted initial investor interest.

ACS Group to sell renewables unit to France’s Vinci

The Spanish construction conglomerate plans to sell off its ACS Industrial unit, which includes solar and wind project developer Cobra, to French infrastructure giant Vinci.

Swedish installer acquires residential operation of Solarcentury

As part of the deal, buyer Svea Solar will expand its installation of panels bought at furniture giant Ikea from its homeland to Germany, Belgium and the Netherlands. Offloading the residential business will enable London-based Solarcentury to focus on its global project ambitions.

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German solar glass maker acquired by timber company and start-up innovator

Interfloat Corporation, a European market leader for solar glass, has been bought by Holzverarbeiter HS Timber Group and Blue Minds.

Marubeni acquires Taiwanese solar developer

The Japanese conglomerate will buy Chenya Energy for an undisclosed sum. The Taiwanese developer has a 270 MW solar project pipeline on the island.

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Solar industry snagged $27.8 billion in finance for company building, projects in 2019

Mercom Capital has released their annual report for 2019, describing the year as robust and showing company funding of $11.7 billion, up 20% over 2018, on top of announced project deals of $16.1 billion, up 14%.

Axpo wants to buy French PV developer Urbasolar

The Swiss energy company said it was chosen by Urbasolar’s owners as the preferred buyer among a list of high-ranking bidders.

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Solar investment mostly up on venture capital and debt as money pours into large scale projects

Mercom Capital Group’s Q1 2019 Solar Funding & M&A report has registered $2.8 billion in venture capital, public market and debt financing, up from $2.5 billion a year ago. Large scale project financing reached a record $5.58 billion across 43 deals and there were 18 solar corporate M&A transactions.

Solar funding moves from companies to projects

Mercom Capital’s latest report shows sustained low levels of funding for solar companies, but strong investment in solar projects and many acquisitions.

Battery, smart grid and efficiency companies raise $1.5 bn in VC funding in 2017 – Mercom

In 2017, battery storage, smart grid and energy efficiency companies saw a YoY increase in venture capital funding, garnering a combined US$1.5 billion, up from the $1.3 billion raised in 2016, finds the latest Mercom Capital report.

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