Mercom Capital Group Reports Second Quarter 2011 Funding and M&A Activity for the Wind Sector

Wind Sector Receives $64 Million in VC Funding; M&A Transactions Total $678 Million

Mercom Capital Group llc, a global clean energy communications and consulting firm, today released funding and merger and acquisition (M&A) activity for the wind energy sector for the second quarter of 2011.

Venture Capital (VC) investments in the Wind sector came to $64 million in three deals, compared to $9 million in two deals in Q1 of 2011.

M&A activity in the Wind sector more than doubled amounting to $678 million in five deals compared to $265 million in five deals in the previous quarter. The most significant transaction this quarter was the acquisition of Jantus SL by CPFL Energia for $596 million.

Thirteen large-scale project funding deals were announced amounting to $2.3 billion compared to $1.2 billion in 11 deals in Q1 2011; all 13 deals in Q2 were for onshore projects. Top projects included $631 million construction debt for Terra-Gen Power's Alta Wind VI & VIII Project, $500 million for Shepherds Flat Wind Farm, $260.9 million debt for Invenergy Wind, $204 million for Terra-Gen Power's Alta V Project and $177 million equity financing for NextEra Energy Resources.

Debt and other funding in the sector came to $3.9 billion in seven deals in comparison to $247 million in three deals in Q1 2011. Most notable transactions included a $1.9 billion credit facility for Vestas and a $1.72 billion syndicated loan for Gamesa.

For a complete list of Q2 2011 transactions in the wind sector, visit: http://www.mercomcapital.com/cleanenergyreports.php

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