Consolidation Expected in Clean Energy in 2012, E&Y Says
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Declining investments, lower prices and the uncertain future of government subsidies will result in more consolidation among renewable-energy companies over the next year, according to Ernst & Young LLP.
Mergers and acquisitions in the first quarter of 2012 increased 41 percent worldwide to $21.7 billion from the previous quarter and will continue to grow this year, the New York-based consulting company said in a report today.