US, Americas power sector deal activity slumps in H1; may grow later in year: EY

摘要

Power and utility deal activity in the Americas dived 62.2% in the first half of 2020 compared with the year-ago period, but the rate of dealmaking could pick up through the remainder of the year, according to consultant and tax adviser EY. Deal activity in the Americas “sputtered” in H1 with a total of $8.3 billion in investment through 62 deals, according to EY’s “Power and Utilities Transactions and Trends” report released Aug. 6. The Americas’ deal value in H1 2019 was about $22 billion, the report said. “Overall, renewables have continued to maintain investor trust,” Miles Huq, EY power and utilities strategy and transactions partner, said in the report’s introduction. “Both financial and corporate investors are being driven by a public mandate for cleaner energy, and institutional investors focus" on environmental, social and governance matters (ESG), Huq said.