Report Summary
This report is an annual review of M&A activity within the renewable energy sector. It was written in co-operation with the Economist Intelligence Unit and is based ona survey of 200 senior executivesfrom across the global energyindustry, conducted in February and March 2009.
All respondents are from management positions, with 71 percent holding executive boardroom positions or who are directors or vice-presidents. They represent power generating businesses, renewable energy suppliers, energy distributors, oil and gas majors and financial investors. A range of company sizes are represented, including some of the industry’s largest operators: 23 percent of respondents had annual revenue of US$10bn or more. They are broadly evenly split between Europe (32 percent), North America (30 percent) and Asia-Pacific (26 percent), with the remainder from Latin America, the Middle East and Africa.
Supplementary to the survey results, interviews were also conducted by the EIU with the following senior executives:
Airtricity: Donal Flynn, CFO
A leading renewable energy company developing and operating wind farms across Europe. In January 2008, the sale of Airtricity was completed to Scottish and Southern Energy Plc.
BP Alternative Energy: Katrina Landis, COO Alternative Energy
A global energy company investing in a portfolio of cleantech and renewable energy operations. Since 2005, BP Alternative Energy has invested around US$2.9bn in wind, solar, biofuels,and hydrogen power with carboncapture and storage.
Essent: Erik van Engelen, Director of Innovation
A Netherlands based vertically integrated energy company. Essent develop and operate both conventional and renewable generating resources as well as beinga major supplier of electricity and gas.
Macquarie Group: Daniel Wong, Division Director, Macquarie Capital Advisers
A global provider of banking, financial, advisory, investment, and funds management services. Macquarie is dedicated to sourcing investments across renewable technologies including wind, solar, landfill gas, hydro, biomass, biogas, and geothermal.
Moody’s: Neil Griffiths-Lambert and Helen Francis, Vice Presidents and Senior Analysts, EMEA Utilities and Infrastructure Finance Team
Moody’s Investors Service is among the world’s most respected and widely utilized sources for credit ratings,research, and risk analysis. Moody’s provides research data and analytic tools for assessing credit risk, and publishes market-leading credit opinions, deal research, and commentary, serving more than 9,300 customer accounts.
Mainstream Renewable Power: Manus O’Donnell, Head ofCorporate Finance
Development, construction and operation of wind, solar, thermal and ocean current plants. Mainstream works closely with governments, development partners, and investors to deliver successful projects.
ScottishPower Renewables: Keith Anderson, Managing Director
Part of Iberdrola Renovables Group, the world’s biggest producer of renewable energy. ScottishPower Renewables is currently the UK’s largest developer of onshore windfarms with over 30 windfarms fully operational, under construction, or in planning.
