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Renewable Energy Deals Buck Uncertainty to Rise 40%, PWC Says

Renewable energy mergers and acquisitions rose 40 percent in value last year, bucking the uncertainty caused by the European Union debt crisis, the global consultant PwC said today.

About $53.5 billion of wind, solar, biofuels, energy efficiency, geothermal, biomass and hydro deals were completed, up from $38.2 billion in 2010, PwC said in an e-mailed report. It’s the highest in the four years that PwC has conducted the survey. The overall number of deals dropped to 570 from 606.