Wind Energy Sector Receives $4 Billion in Corporate Funding, Reports Mercom Capital Group

Wind Project Funding comes to $6.3 Billion with record number of deals

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 second quarter of 2014.

Wind venture capital (VC) funding increased to $48 million compared to $32 million in Q1 2014. Total corporate funding in the wind sector came to $4 billion in Q2 2014, including VC funding, public market financing, and debt financing.

The largest VC deal in the wind sector in the second quarter was by STX France, a provider of offshore constructions to renewable marine energy and oil and gas markets, which raised $27 million from BPIFrance, French Environment and Energy Management Agency (ADEME), Credit Agricole, Banque Populaire, Region Pays de la Loire. That was followed by Nenuphar, a developer of vertical-axis floating wind turbine, which raised approximately $20.8 million from new investors, Areva and FCPR Ecotechnologies, and existing investor IDInvest Partners.

Announced large-scale project funding in Q2 2014 totaled $6.3 billion in 38 deals, compared to $7.2 billion in 29 deals in Q1 2014.

Mercom also tracked nearly 11 GW of new project announcements globally this quarter in various stages of development.

There were seven M&A transactions in Q2 2014, four of which disclosed amounts totaling $828 million. The top disclosed M&A transaction this quarter was the acquisition of 33.33 percent stake in ACCIONA Energia International, the renewable energy generation business of ACCIONA Energia, by Kohlberg Kravis Roberts (KKR), an investment firm, for approximately $567 million.

Announced project acquisitions in the second quarter came to $1.4 billion in 31 transactions compared to 30 transactions in Q1 2014.

The Top 5 project acquisitions by disclosed amount were led by independent power producer NRG Yield, which signed a deal with Terra-Gen Power, a renewable energy project developer, to acquire the Alta Wind projects in California for $870 million. That was followed by renewable energy project developer Pattern Energy Group, which agreed to acquire 179 MW of the Panhandle 1 Wind project in Texas from Pattern Development for $125 million. Investment company Greencoat UK Wind, acquired 24 MW Maerdy wind project in South Wales from Velocita Energy Developments (Velocita), a wind energy company, for approximately $89.8 million, and the 18.4 MW Kildrummy wind project in Scotland from BayWa r.e, a renewable energy project developer, for approximately $73.5 million. The final top spot was shared by Enel Green Power North America, a subsidiary of Enel Green Power, which purchased an additional 26 percent of the ‘Class A’ interests in 250 MW Buffalo Dunes wind project in Kansas, from EFS Buffalo Dunes, a GE Capital subsidiary, for approximately $60 million, and TradeWind Energy, a developer and manager of wind energy projects, which acquired the 150 MW Osage wind project in Oklahoma, from Wind Capital Group, the US wind company of renewables investment group NTR, for $60 million.

Of the disclosed project acquisitions in Q2 2014, 10 investment firms, eight project developers, four utilities and two independent power producers that acquired wind projects.

There are 165 companies and 85 investors covered in this report. The report also includes 44 charts and tables.

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Wind Companies in Q2 2014: 2020 Renewables, Abengoa, ACCIONA Energia International, Allianz, Alternergy, American Wind Capital Company, Apex Clean Energy, Aqualis, Argan Infrastructure Fund, Arise Windpower, Asia Green Capital, Astidey, Atlantic Energias Renovaveis, Banks Renewables, BayWa r.e., Bicakcilar Enerji, BlackRock, Blue Mountain Renewables (BMR) Jamaica Wind, BluEarth Renewables, BNB Renewable Energy, Boralex, BOREAS Energie, Borusan EnBW, BP Wind Energy North America, Capital Stage, Capstone Infrastructure Corporation, Casa dos Ventos, CEMEX, China Datang Corporation, China Guangdong Nuclear Power, China Longyuan Power, China Ming Yang Wind Power, China Resources Group, CLP India, Continuum Wind Energy, Copel, CPFL Energias Renovaveis, Dominion Virginia Power, Dong Energy Wind Power, DTE Energy, Dudgeon Offshore Wind, EDF Energies Nouvelles, Edison Mission Energy, EFS Buffalo Dunes, Electrawinds, EnBW, Enel Green Power, Enercon, Enerfin Energy, Energy Development Corporation, Eolica Brasil, Eolica Hermenegildo, Eolico San Antonio El Sitio, EPV Tuulivoima, ERG Renew, Eurakras, Eurus Energy, EverPower Wind Holdings, Falck Renewables, First Wind, Fishermen's Energy, Fred. Olsen Renewables, Gamesa, GDF SUEZ, GICON Group, Good Energy, Green State Power, Greencoat UK Wind, Greenfield Wind, Greenwich Windpark, Grupo Oleoplan, Hannon Armstrong, HS Kraft, Huadian Fuxin Energy, Huadian Jinzhong, Iberdrola, IEnova, IKEA US, Impax Asset Management, Innovation Network Corporation, InterGen, Invenergy, Japan Renewable Energy, Jiaxing Wind, John Laing, Juhl Energy, juwi Wind, KGAL Group, Kohlberg Kravis Roberts, Lake Turkana Wind, Lalamilo Wind, Longyuan Ge'ermu Renewables, Lukerg Renew, Marubeni, Metro Power Company, Mytrah Energy, Nenuphar, Neoenergia, Nethys, New Wind, NextEra Energy Resources, Ningxia Yin Xing Energy, Nordex, Northland Power, NRG Yield, Offshore Wind Consultants, OX2, Papagaio Energia, Parque Eolico Campo Lindo, Pattern Energy, PGE Energia Odnawialna, Pioneer Generation, PLT Energia, PNE WIND, Poseidon Energia Renovable, Principle Power, Rame Energy, Renewable Energy Generation (REG), Renewable Energy Systems, Renova Energia, Rio Energy, RP Global Group, RWE, Sancak Enerji, Santa Helena Energias Renovaveis, Santander Bank, SCOTIANWEB, Scottish and Southern Energy, ScottishPower Renewables, Senvion, Sinohydro Corporation, Strabag OW EVS, STX France, Sumitomo, Summit Energy Corp, SWECO, Terra-Gen Power, The Renewables Infrastructure Group, THEOLIA, Tractebel Energia, TradeWind Energy, TransAlta, Tri Global Energy, Triangle Gallegos, Tristein, Trustpower, TURBINA ENERGY, Typhoon Offshore, UK Green Investment Bank, Union Eolica Panamena, Union Fenosa Wind Australia, UPC North Africa Renewables, US DK Green Energy, Usinas y Trasmisiones Electricas, Velocita Energy Developments, Voltalia, Vortex Energy, Westerly South Plains, Wind Capital, Windlife Renewables, WKN, wpd, WSB Neue Energien, XEMC, Yeni Enerji.

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