agreements of M&A (mergers and acquisitions) in the renewable energy amounted to approximately $ 50 billion accumulated in Brazil over the last nine years.
The data was released in the consultancy's unprecedented study CELA (Clean Energy Latin America), specialized in financial advisory and strategic consultancy for companies and investors in the renewable energy sector in Brazil and around the world.
The information appears in the “Panorama of M&As in the renewable energy sector”, carried out independently by CELA based on research and contributions from players in the solar photovoltaic and wind markets in Brazil. According to the report, more than 50 GW of projects and companies transacted between 2014 and 2023 were mapped.
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The study brings an aggregated analysis by CELA experts of more than 190 transactions of companies and projects related to solar photovoltaic energy and wind energy, including large centralized power plants (large scale) and medium GD ventures (distributed generation) – up to 5 MW).
According to the report, between 2014 and 2023, there was an increase of more than 400% in the number of transactions mapped annually and a growth of more than 8 times in the total capacity (GW) transacted.
In the last 24 months alone, between 2022 and 2023, more than 60 transactions were mapped, totaling approximately R$25 billion and a capacity of 30 GW in transactions.
“Our main objective is to guide strategic business analyses, providing information for assertive decision-making in the renewable energy market,” he explained. Camila RamosCEO of CELA.
“Analysis of the total transactions carried out annually by energy source and regulatory environment clearly shows that the last nine years have seen an increasing presence of M&As. The more intense presence of centralized generation from 2014 to 2019 stands out, which is partly due to government initiatives aimed at popularizing renewable energy in the country, such as renewable energy auctions”, he added.
According to the analysis of CELA's CEO, from 2020 to 2023, the volume of transactions intensified, for numerous reasons, with emphasis on the growth of agreements in the area of distributed generation (GD), although it is characterized by smaller projects.
“In any case, during this period, there was recognition of GD’s potential for growth and scalability, especially due to the more advantageous rules for such projects until the end of 2023”, he highlighted.
In the case of financial volume transacted, centralized projects, especially wind power, appear more expressively, given the size of the projects and the power installed in large-scale plants.
“Thus, total valuations are directly proportional to the total capacity transacted and, consequently, more significant for centralized generation projects”, concluded Camila.
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