Renewable Energy Deals Increase as Confidence Returns, PWC Says

Renewable energy mergers and acquisition activity escalated last year as confidence returned to the market and sellers priced assets more realistically, the global accounting firm PwC said.

The number of deals including biofuels and wind, solar and hydroelectric power climbed by two-thirds to 530 in 2010 from 319 the previous year, PwC said today in an e-mailed report. At the same time, renewable energy deals were smaller, with total value falling to $33.4 billion from $48.8 billion.