Poland ranked 2nd in CEE, SEE in renewable energy M&A deals.

By bne IntelliNews December 8, 2010
Poland is ranked second in terms of the number and value of renewable energy M&A transactions in the CEE&SEE regions in 2007-2010, according to a study by DealWatch (an M&A service belonging to - alongside the ISB newswires and IntelliNews - to the Euromoney Group). Poland was responsible for 16% of such deals, while Turkey - for 28%. "The largest deal in Poland in the examined period was the acquisition of three wind farm projects in northern Poland (EUR 130mn), followed by EBRD's minority stake purchase in Iberdrola Renewables Polska (EUR 75mn). Wind farms were the targets of over 80% of all deals in the sector," the report reads. The wind energy segment may also be regarded as the most promising in future renewable energy transactions, as the development of wind farms and higher biomass use are among the goals of the government's energy policy. Besides, Poland is still working on achieving its RES target and observed a fairly high M&A activity in the sector, DealWatch notes. According to the report, "renewable energy production M&A has been on a fast growth path in Emerging Europe: in the first three quarters of 2010, the number of M&A transactions in the sector in CEE and SEE was approximately 4 times as much as in the whole year of 2007, representing an average annual growth rate of 60%." In the same period, the total value of deals grew to EUR 363mn from EUR 67mn, DealWatch reported. ISB

Poland ranked 2nd in CEE, SEE in renewable energy M&A deals.

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