Asia Pacific – Australia – renewable energy about to boom
Renewable sector set to boom BY: SARAH-JANE TASKER The Australian August 19, 2012 PLENTY of deals are expected in Australia’s renewable energy sector in the second half of the year, as merger and acquisition activity in the Asia-Pacific region far outpaces the rest of the world.
A PwC report on deals in the power and renewable energy sectors, to be released today, shows globally the value of deals halved to $US50.8 billion in the first half compared with the same period last year, but Asia-Pacific deals more than tripled to $US23.6bn.
PwC energy, utilities and mining leader Jock O’Callaghan said there was growing interest in Australia’s renewable energy industry, driven by China and Japan, before the 2020 deadline for a 20 per cent renewable energy target…
… The largest renewable deal involved Japan’s Eurus Energy, a subsidiary of Tepco, agreeing to acquire the Hallett 5 wind farm for $US129 million, its first wind power investment in Australia. Mr O’Callaghan said a number of wind farms in Australia were likely to be put on the sales block this year……… http://www.theaustralian.com.au/business/renewable-sector-set-to-boom/story-e6frg8zx-1226453640791
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