Australia: Wind acquisitions soar in 2013 - by Darius Snieckus

Acquisition activity for wind farms leapt to its highest level since 2010 during the second quarter, with five buy-ins worth $1.3bn leading the way in a 36-project shopping spree across the global industry, according to consultancy Mercom Capital. 

The largest deal by value was PG&E’s acquisition of Puget Sound Energy’s 267MW Lower Snake River phase II wind farm in the US for $535m, followed by SSE’s take-over of Scotland’s 99MW Dunmaglass project from RES for $305m.

Palisade and Northleaf’s joint purchase of a 75% stake in Australia’s 111MW Waterloo project from EnergyAustralia for $227m, Lukerg Renew buy-up of the 70MW Gebeleisis development in Romania from Vestas for $144m, and Denmark’s Pension Fund Administrator compatriot energy outfit SE’s take-over of Dong’s 196MW onshore wind business for $133m,
Read more: Wind acquisitions soar in 2013 -Recharge News