Wind Energy – Becoming a Major Player in the Energy Sector

6 Jul

In its latest annual review of the global renewable power market, PricewaterhouseCoopers came to conclusions suggesting that renewable energy, and particular wind energy, is gaining greater ground in becoming a significant portion of the energy market.  The full report from PricewaterhouseCoopers is available here.  Highlights of that report include the fact that in the last two years, one-fourth of the deals in the power sector have been for renewable assets or technology.  Beyond the sheer number of deals, one-tenth of the total merger and acquisition value in the power sector is attributable to renewable energy.  To quantify those statements, in the last two years there have been 441 “deals” valued at approximately 70.3 billion dollars worldwide in the renewable energy sector.

 

Wind energy remains of paramount importance within the surge of growth in renewable energy.  Wind constitutes 57% of all renewable energy deal making.  The report notes that offshore wind is a particularly emerging growth sector.  The report was not without recognition of the recent economic crisis.  However, the report notes that the numbers of deals that involve the renewable energy sector appear to be holding steady, though their value has declined.  The importance that the renewable energy sector, in particular wind, will continue to play in the world energy economy will continue to rise according to the report from PricewaterhouseCoopers.  The new United States administration under President Obama and the regulation in the energy sector will continue to drive the importance of renewable energy, as is true with other governments as the world moves forward to the December 2009 United Nations Climate Summit in Copenhagen Demark.

 

Thomsen & Nybeck, P.A. looks forward to serving the needs of its clients in this globally growing field by offering services in the area of negotiating wind energy leases and other related acquisition documents.  For more information, please see the wind energy law page of our website at http://www.tn-law.com/CM/Custom/Custom8.asp.

 

Author:
This blog entry is written by Chris Renz, a shareholder at Thomsen & Nybeck, P.A. Chris practices in the litigation area of the firm with primary focus on wind energy-related lease litigation, real estate litigation, employment litigation, townhome and condominium law, and criminal law, particularly as the prosecutor for the Metropolitan Airports Commission.

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