Canada is one of the top-five countries that will be considered for mergers and acquisitions in renewable energies over the next 18 months.
Canada scores in the top five countries for mergers and acquisitions over the next 18 months, with interest from 20% of global investors.
The US is most attractive to 44%, Germany and China by 21% each, while Canada and the UK are tied as 20%, according to ‘Green Energy 2013: Renewable Energy M&A Activity in the Americas' published by Clean Energy Pipeline and the CohnReznick tax firm. Last year, the UK and Canada were selected by 12% of survey respondents.
The report focuses on M&A activity in the renewable energy sector based on a survey of 800 senior executives in the renewable energy industry worldwide.
Wind and solar are the most active sectors, accounting for a combined 78% of the total value of all transactions, with solar as the most attractive sector for North American respondents at 63%, ahead of biomass (45%), onshore wind (41%) or biofuels (39%).
In 2012, M&A activity for renewables in Canada was $2.9 billion in 21 acquisitions, up from 19 acquisitions totalling $424 million in 2011.