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The winds of change: KPMG’s green energy M&A report 2009

Date: 20.07.2009

Company: KPMG Česká republika, s.r.o.

In the face of adversity, the global energy industry is feeling positive about the future of renewables. As KPMG’s annual report into M&A in renewable energy reveals, 78 percent of senior executives from across the industry believe renewable energy projects are economically viable despite collapsing fossil fuel and commodity prices and the credit crunch.

Renewable M&A survey key facts:

78 percent believe renewable energy projects continue to be economically viable;
63 percent predict government subsidies will increase (compared with 37 percent last year);
The industry continues to favor more established technologies: over 60 percent believe that onshore wind and solar power will grow by more than 5 percent in 2009, compared to only 38 percent expecting similar levels of growth in offshore wind and only 19 percent in marine technologies;
42 percent of respondents intend to invest in the US; 24 percent in India; 22 percent in China and 21 percent in Canada (respondents could be investing in more than one country);
44 percent think the Copenhagen conference (to find a successor to the Kyoto treaty) will mark a significant breakthrough and will lead to increased investment, compared to just 18 percent who disagree.