WEMO24-Compiled Report-Interactive compressed (002) 4154-7882-8116 v.1 - Flipbook - Page 240
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M&A trends in energy utilities
FIGURE 28
Transacted Capacity by Technology, in GW, 2022 - 2023
• In both 2022 and 2023, solar assets dominated
the deal activity, accounting for nearly 60% of
the deal capacity in 2023.
132
119
• Over the same period, the transacted solar
capacity decreased by 15% from ~78.7 GW
in 2022 to ~67.3 GW in 2023. This decrease
indicates an overall reduction in the average
transaction size from 347 MW to 302 MW.
79
67
41
28
24
12
Total
Solar
2022
• In 2023, Europe maintained its dominant position
in global renewable energy transactions,
accounting for 53% of the transacted capacity,
rea昀케rming the continent’s strong position in
the industry.
O昀昀shore Wind
Onshore Wind
2023
3%
17%
27%
Total
Capacity
Transacted:
119 GW
53%
Americas
Source: Peak Wind
Europe
Asia Paci昀椀c
Africa
WEMO 2024
Deals by Geography - 2023
240
FIGURE 29