Reports on Wind Sector Funding and M&A Activity for Q3 2012
Mercom Capital Group, llc, a
global clean energy communications and consulting firm, today released its
report on funding and mergers and acquisition (M&A) activity for the wind sector
during the third quarter of 2012.
Capital (VC) funding in the third quarter of 2012 amounted to $57 million in
six deals compared to a weak second quarter where $17 million went into three
deals. Disclosed VC deals this quarter included $21.5 million raised by
Mainstream Renewable Power and $15.3 million raised by Trishe Developers, both
wind project developers.
large-scale project funding in Q3 2012 totaled $1.1 billion in 11 deals, all
going to onshore projects.
large-scale project funding deals announced in the third quarter included $350
million raised by Nareva Renouvelables and Kharabel FZE for its 300 MW Tarfaya
Wind Project in Morocco, $165 million raised by Alto Holding for its 120 MW
Karaburun Wind Farm in Turkey, and $141 million raised by NuPower Renewables
for its 150 MW onshore wind farm in India. Other top deals were $86 million
raised by InfraVest and wpd for its 53 MW Tongyuan Wind Project in Taiwan and
the $85 million loan to Newcom for its 50 MW Salkhit Wind Farm in Mongolia.
one of 18 large-scale project funding investors, KfW IPEX-Bank, was involved in
multiple deals in Q3 2012. KfW IPEX-Bank was also involved in multiple deals in
Merger and Acquisition (M&A) activity in Q3 2012 amounted to $53 million in
11 transactions compared to $93 million in five transactions in Q2 2012.
Disclosed M&A transactions this quarter were the $33.2 million acquisition
of Shear Wind, a developer of wind energy properties in Canada, by Sprott Power
Corp, and the $20 million acquisition of certain assets of Otter Tail
Corporation’s DMI Industries, a manufacturer of wind towers, by Trinity
were four debt funding deals announced in Q3 2012 totaling $359 million. Suzlon
Energy raised $281 million in short-term loans to repay holders of its foreign
convertible bonds, signing an 18 month loan facility with 11 lenders.
Mainstream Renewable Power secured a credit facility of $51 million from
Macquarie Group. Finally, Broad Wind Energy closed on a $20 million credit
facility with AloStar Business Credit, and Wind Power Energia received a $7
million loan from Inter-American Investment Corporation.
For a complete list of Q3
2012 transactions in the Wind sector, visit: http://mercomcapital.com/cleanenergyreports.php
Mercom Capital Group
Mercom Capital Group, llc,
is a global communications and consulting firm focused exclusively on clean
energy and financial communications. Mercom’s consulting division advises
cleantech companies on new market entry, custom market intelligence and overall
strategic decision-making. Mercom’s consulting division also delivers highly
respected industry market intelligence reports covering Solar Energy, Wind
Energy and Smart Grid. Our reports provide timely industry happenings and
ahead-of-the-curve analysis specifically for C-level decision making. Mercom’s
communications division helps clean energy companies and financial institutions
build powerful relationships with media, analysts, government decision-makers,
local communities and strategic partners. For more information about Mercom
Capital Group, visit: http://www.mercomcapital.com.
To get a copy of Mercom’s popular market intelligence reports, visit: http://mercomcapital.com/market_intelligence.php.
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