Sunday, May 27, 2012

Solar To Drive European Green Energy M&A In Q2-Pwc

Europe's solar power market is expected to drive a rebound in activity in the region's renewable energy mergers and acquisitions (M&A) sector in the second quarter, consultancy PwC said in a report on Monday.

A steep drop in module prices is expected to accelerate demand, making the sector an attractive long-term investment opportunity set to revive power market M&A after a weak start to the year, PwC said.

Foreign buyers have already started snatching up distressed European solar manufacturers, such as Germany's Solon and Swiss Oerlikon.

Read More

No comments: