M&A activity tipped to soar this year

PwC predicts greater investor confidence in the energy sector this year

PwC predicts greater investor confidence in the energy sector this year

Merger and acquisition activity in the global renewables sector is expected to pick up in 2014 after the value of deals fell by 10% last year as policy uncertainty hit investor confidence, PwC says.

The value of worldwide power and renewables deals fell to $141bn in 2013 from a year earlier due to changes to government policies and constrained finance, according to a report by the global audit firm.

However, it says a return of very large mergers in the US power sector this year could help drive the value of deals in power and renewables.

“After a year in which considerable sector uncertainty has affected deals, we anticipate greater confidence during 2014,” says Norbert Schwieters, global power and utilities leader at PwC.

“Participation in the Log in to read complete article.

Become a Recharge subscriber!

Or try our free trial.

Order Subscription

Already a member?

Login


Recharge Monthly Magazine