NewEnergyNews: TODAY’S STUDY: THE WIND BUSINESS THIS YEAR

NewEnergyNews

Gleanings from the web and the world, condensed for convenience, illustrated for enlightenment, arranged for impact...

"Be not dishearten'd, affection shall solve the problems of Freedom yet; those who love each other shall become invincible." Walt Whitman. Happy Valentine's Day.

The challenge now: To make every day Earth Day.

YESTERDAY

THINGS-TO-THINK-ABOUT THURSDAY, February 11:

  • TTTA Thursday-WHY THE PRESIDENT IS A CLIMATE HERO
  • TTTA Thursday-PLUG-INS, ROBOT CARS, AND CAR-SHARES
  • TTTA Thursday-SOLAR-POWERED HYDROGEN FUEL
  • TTTA Thursday-THE REAL COST OF ENERGY STORAGE
  • THE DAY BEFORE

  • ORIGINAL REPORTING: MAINE LAWMAKERS PROPOSE GROUNDBREAKING WAY OUT OF NET METERING WARS
  • QUICK NEWS, February 10: OBAMA CLIMATE PLAN STAYED BY SUPREME COURT; THE POWER OF PLAINS WIND; THE THOUSANDS OF JOBS IN SOLAR’S BOOM
  • THE DAY BEFORE THE DAY BEFORE

  • TODAY’S STUDY: DATA CENTER ENERGY RE-EVALUATED
  • QUICK NEWS, February 9: PENTAGON TO PRIORITIZE CLIMATE CHANGE; LIES ABOUT SANDERS WIND PLAN CORRECTED; DOE UPS SPENDING ON SUNSHOT
  • THE DAY BEFORE THAT

  • TODAY’S STUDY: A PATHWAY TO THE DISTRIBUTED GRID
  • QUICK NEWS, February 8: CLIMATE CHANGE IN WATER COLORS; THE REAL ECONOMICS OF NEW ENERGY; WHO SHOULD PAY FOR EV CHARGING?
  • AND THE DAY BEFORE THAT

  • Weekend Video: It Is Not A Dream, It Is A Vision
  • Weekend Video: Taking A Solar Road To The Future
  • Weekend Video: What Battery Energy Storage Will Do
  • THE LAST DAY UP HERE

  • FRIDAY WORLD HEADLINE-MEN AND WOMEN AND CLIMATE CHANGE
  • FRIDAY WORLD HEADLINE-GLOBAL OCEAN WIND ADVANCING
  • FRIDAY WORLD HEADLINE-600 MILES OF SOLAR ROADS FOR FRANCE
  • FRIDAY WORLD HEADLINE-INDONESIA INVITES FOREIGN CAPITAL FOR GEOTHERMAL
  • --------------------------

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    Anne B. Butterfield of Daily Camera and Huffington Post, is an occasional contributor to NewEnergyNews

    -------------------

    Some of Anne's contributions:

  • Another Tipping Point: US Coal Supply Decline So Real Even West Virginia Concurs (REPORT), November 26, 2013
  • SOLAR FOR ME BUT NOT FOR THEE ~ Xcel's Push to Undermine Rooftop Solar, September 20, 2013
  • NEW BILLS AND NEW BIRDS in Colorado's recent session, May 20, 2013
  • Lies, damned lies and politicians (October 8, 2012)
  • Colorado's Elegant Solution to Fracking (April 23, 2012)
  • Shale Gas: From Geologic Bubble to Economic Bubble (March 15, 2012)
  • Taken for granted no more (February 5, 2012)
  • The Republican clown car circus (January 6, 2012)
  • Twenty-Somethings of Colorado With Skin in the Game (November 22, 2011)
  • Occupy, Xcel, and the Mother of All Cliffs (October 31, 2011)
  • Boulder Can Own Its Power With Distributed Generation (June 7, 2011)
  • The Plunging Cost of Renewables and Boulder's Energy Future (April 19, 2011)
  • Paddling Down the River Denial (January 12, 2011)
  • The Fox (News) That Jumped the Shark (December 16, 2010)
  • Click here for an archive of Butterfield columns

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    Some details about NewEnergyNews and the man behind the curtain: Herman K. Trabish, Agua Dulce, CA., Doctor with my hands, Writer with my head, Student of New Energy and Human Experience with my heart

    email: herman@NewEnergyNews.net

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    Your intrepid reporter

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      A tip of the NewEnergyNews cap to Phillip Garcia for crucial assistance in the design implementation of this site. Thanks, Phillip.

    -------------------

    Pay a visit to the HARRY BOYKOFF page at Basketball Reference, sponsored by NewEnergyNews and Oil In Their Blood.

  • ---------------
  • Monday, August 20, 2012

    TODAY’S STUDY: THE WIND BUSINESS THIS YEAR

    Wind Funding and M&A, Q2 2012 Report; Funding and merger & acquisition activity for the wind sector

    July 2012 (Mercom Capital Group)

    Introduction

    Venture Capital (VC) funding in the second quarter of 2012 amounted to just $17 million in three deals compared to a strong first quarter where $240 million went into 12 deals.

    VC deals this quarter included $9.8 million raised by ReGen Powertech and $7.5 million raised by Southwest Windpower, both manufacturers of wind turbines.

    Announced large-scale project funding in Q2 2012 totaled $5.4 billion in 23 deals. Of that, $4 billion went to onshore projects and $1.4 billion went to offshore projects.

    The top announced large-scale project funding deal this quarter was the $741 million raised by Colruyt for its 216 MW Northwind offshore wind farm, followed by $662 million raised by Lincs Wind Farm Limited for its 270 MW offshore wind farm, and $650 million raised by Terra-Gen Power for its 300 MW Alta Wind VII & IX wind projects. Other top project funding deals included $444 million raised by Invenergy for its 200 MW California Ridge Wind Energy Project, and $379 million raised by Iberdrola and Neoenergia for 10 wind farms totaling 288 MW.

    Large-scale project funding investors with multiple deals this quarter included BNDES, KfW IPEXBank,Union Bank, Bank of Tokyo-Mitsubishi UFJ, BayernLB, EBRD, Lloyds, Rabobank and Santander.

    Corporate Merger and Acquisition (M&A) activity in Q2 2012 amounted to $93 million in five transactions compared to $872 million in 11 transactions in Q1 2012. Disclosed M&A transactions this quarter were the $60 million acquisition of Suzlon (Suzlon Energy Tianjin Limited), a wind turbine manufacturer, by China Power New Energy Development Co. and the $33 million acquisition of Tellhow Wind Power, a wind blade manufacturer, by Simomatech.

    There were 17 project M&As announced in Q2 2012 amounting to $705 million in six disclosed transactions. Top project M&A transactions were the $301 million acquisition of Agaoglu Group’s two wind farms (126 MW) by Dogan Sirketler Grubu Holding (~$2.39/W), and the $174 million acquisition of AGL Energy’s Hallett 5 wind farm (52.5 MW) by Eurus Energy (~$3.31/W). Other top transactions included the $85.5 million acquisition of a 49 percent stake in each of four AES Corporation wind farms (120 MW) by Sembcorp (~$1.45/W), the $62 million acquisition of the Dobrich wind farm (40 MW) by LUKERG Bulgaria, and the $42 million acquisition of AES Southern Europe Holdings’ St. Patrick wind farm and three InnoVent projects by Boralex (90.5 MW).

    In Q2 2012, VC funding in the wind sector totaled $17 million in three deals compared to $240 million in 12 deals in Q1 2012, and $64 million in three deals in Q2 2011.

    Announced large-scale project funding in Q2 2012 amounted to $5.4 billion in 23 deals.

    Large-scale onshore wind projects received $4 billion in 21 deals, compared to $1.4 billion in two deals for offshore wind.

    Top large-scale project funding deals announced in the second quarter included $741 million raised by Colruyt for its 216 MW Northwind offshore wind farm, $662 million in project funding raised by Lincs Wind Farm Limited for its 270 MW offshore wind farm, and $650 million in construction debt raised by Terra-Gen Power for its 300 MW Alta Wind VII & IX wind projects.

    Other top deals were $444 million in debt raised by Invenergy for its 200 MW California Ridge Wind Energy Project, and a $379 million loan received by Iberdrola and Neoenergia for 10 wind farms with a total capacity of 288 MW.

    Most of the large-scale project deals announced in Q2 2012 were in the United States.

    The top large-scale project investor position was shared by BNDES (Brazilian Development Bank), KfW IPEX-Bank and Union Bank, with three deals each, followed by Bank of Tokyo-Mitsubishi UFJ, BayernLB, EBRD, Lloyds, Rabobank and Santander, funding two deals each.

    Debt Funding

    Debt deals in Q2 2012 amounted to $26 million in two deals compared to $6.5 billion in six deals in Q1 2012.

    There were two other types of funding deals totaling $13 million in Q2 2012, compared to $109 million in five deals in Q1 2012.

    Mergers and Acquisitions (M&A)

    M&A activity in Q2 2012 amounted to $93 million in five transactions compared to $872 million in 11 transactions in Q1 2012.

    Of $93 million in M&A activity in Q2 2012, manufacturing companies accounted for $60 million in one transaction, followed by component companies with $33 million in two transactions.

    M&A activity saw a steep downward trend in the wind sector in Q2 2012 with $93 million in five transactions. Only two transactions disclosed details.

    The top M&A transactions were the $60 million acquisition of Suzlon (Suzlon Energy Tianjin Limited), a wind turbine manufacturer, by China Power New Energy Development Co. and the $33 million acquisition of Tellhow Wind Power, a wind blade manufacturer, by Simomatech.

    There were 17 project M&As announced in Q2 2012 amounting to $705 million in six disclosed transactions.

    Top project M&A transactions in Q2 were the $301 million acquisition of Agaoglu Group’s two wind farms (126 MW) by Dogan Sirketler Grubu Holding, and the $174 million acquisition of AGL Energy’s Hallett 5 wind farm (52.5 MW) by Eurus Energy.

    Other top transactions included the $85.5 million acquisition of a 49 percent stake in each of four AES Corporation wind farms (120 MW) by Sembcorp, the $62 million acquisition of the Dobrich wind farm (40 MW) by LUKERG Bulgaria, and the $42 million acquisition of AES Southern Europe Holdings’ St. Patrick wind farm, and three InnoVent projects by Boralex (90.5 MW).

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