Q1 Wind Energy Project Funding Reaches USD 7.2 Bln

Mercom Capital Group, llc, a global clean energy communications and consulting firm, released its report on funding and merger and acquisition (M&A) activity for the wind sector during the first quarter of 2014.

Wind venture capital (VC) funding fell to $32 million compared to $93 million in Q4 2013. Total funding in the wind sector came in at $10.5 billion in Q1 2014, including VC funding, public market financing, debt financing, and announced project funding deals.

The largest VC deal in the wind sector in the first quarter was by 3sun Group, a company that installs and maintains offshore wind turbines, which raised $16.7 million from Business Growth Fund.

Announced large-scale project funding in Q1 2014 totaled $7.2 billion in 29 deals compared to $4.9 billion in 32 deals in Q4 2013. There were a total of 20 investors that participated in multiple project funding deals this quarter.

Mercom also tracked more than 12 GW of new project announcements globally this quarter in various stages of development. The top project funding deal this quarter was the $1.47 billion received by Typhoon Offshore for its 600 MW project.

There were six M&A transactions in Q1 2014, one of which disclosed amounts totaling $419 million.

Project acquisitions in the first quarter totaled $3.8 billion compared to $2 billion in Q4 2013. The Top 5 largest project acquisitions by disclosed amount were led by the investment group La Caisse, which purchased a 25 percent share of the 630 MW London Array 1 wind project for $1.1 billion. That was followed by Brookfield Renewable Energy Partners’ purchase of the 321 MW Bord Gais Energy wind project portfolio for $960 million, Green Investment Bank and Marubeni Corporation’s 50 percent stake in the 210 MW Westermost Rough offshore wind project for $832 million, Copenhagen Infrastructure Partners’ purchase of a 67 percent economic stake in a 900 MW offshore grid connection for wind projects for $526 million, and the Green Investment Bank’s purchase of a 10 percent stake in the 576 MW Gwynt y Mor offshore wind project for $366 million.

Of the disclosed project acquisitions in Q1 2014, there were nine project developers that acquired wind projects, 10 investment funds, two independent power producers, and two utilities.

There are 142 companies, 181 projects and 78 investors covered in this report. The report also includes 41 charts and tables.

Press Release, April 23, 2014; Image: freeimages

Share this article

Follow Offshore Wind

Leave a Reply

Events>

<< Jun 2017 >>
MTWTFSS
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 1 2

FwP Atlantic Forum 2017

The event is being held during the tenth edition of Sea Tech Week, an international week devoted to marine science and technology, organised…

read more >

Cost Reductions for Offshore Wind Logistics 2017

Logistic challenges touch on all aspects of wind farm projects, with optimising transport and installation as a key challenge for offshore wind logistics…

read more >

Offshore Foundations 2017 Agenda

Offshore Foundations is a technical event for experts in the wind industry…

read more >

HUSUM Wind 2017

The new concept for HUSUM Wind 2015, with the focus specifically on the important German core market, has proven to be a complete success…

read more >

Jobs>

Network Support Engineer

As Network Support Engineer you will be responsible for the installation / configuration, operation and maintenance of the infrastructural network ...

apply

Commercial Manager - Liverpool based with some travel

As the Commercial Manager you can expect a variety of responsibilities. The principle focus will be the commercial management of the Bibby WaveMaster1 vessel...

apply

Offshore wind jobs at Shell Netherlands BV

Commercial Lead New Energies, Offshore Wind Operations Lead and Wind Turbine Engineer.

apply

Vessels>