Renewables market set for slowdown, although sector will prove its resilience
The European renewables market will still see project financing and... Read more →
Analysis
Renewables market set for slowdown, although sector will prove its resilience
The European renewables market will still see project financing and M&A closings in the coming weeks, despite the onset of the coronavirus pandemic. However, investment activity has already started to slow as the most mature transactions cross the line, while company owners and project sponsors are increasingly opting to hold off on new launches until… Read More ›
At a Glance: KKR holds steady with successful Viridor bid
Perceived low execution risk amidst Coronavirus-induced market turmoil seen as one reason Pennon opted to accept KKR Infrastructure’s GBP 4.2bn offer for Viridor last week. The deal, which values the UK waste business at 18.5 times ebtida, comes despite the listed environmental services group having only taken indicative offers from a handful of further parties earlier… Read More ›
Renewables lending and the merchant risk crucible
Lenders to renewable energy projects are finding their feet in the post-subsidy world, with corporate PPAs often providing a degree of revenue certainty. However, debt providers may also have to evolve their merchant lending strategies in the coming months to retain dealflow, at least while long-term offtake deals remain in short supply. That being said,… Read More ›
Energy Rev 2020 projections: France to remain one of Europe’s most buoyant markets
Recent quarters have seen strong French corporate M&A activity, with entities including Axpo, EDF, EnBW, Engie, ERG and Total all picking up renewables operators and pipelines. However, 2020 could well see an upswing in financial investor-backed acquisitions, with multiple French fund managers having recently raised fresh funds and international institutionals also continuing to target the… Read More ›