Wind and solar attracting larger share of private equity interest in renewable energy as pace of investment slows
Solar and wind power is attracting a bigger share of private equity investment in the renewable energy sector, according to data from PitchBook.
In the past 18 months, solar and wind power related companies have been the biggest target in the renewable and alternative energy industries, accounting for 19 of the 32 deals (60%). Over the previous 18 months, they accounted for 22 of 59 deals (37%).
Over the past three years, 93 companies in the renewable power, alternative fuels and energy efficiency sectors have received private equity investment, according to PitchBook’s private equity deals platform.
The pace of investment has slowed to 17 deals YTD from the 39 completed in 2008 and the 43 in 2007.
Within this industry, alternative energy equipment companies like Hudson’s Recurrent Energy were targeted the most (24 deals), followed by 19 renewable and alternative energy producing company deals, like Energy Investor Funds’ Watertown Renewable Power.
Hudson Clean Energy has closed its debut fund with a total of $1.024 billion in commitments, $24,000 more than its $1 billion target. The fund targets companies using commercialized technologies focused on renewable power, alternative fuels, energy storage and demand-side energy management.
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