D eal values for renewable energy rose 40% year on year, from US$38.2 billion in 2010 to a record $53.5 billion in 2011, reports Pricewaterhouse Coopers (PwC) in its annual global analysis of merger and acquisition (M&A) transactions in the sector. With renewable technologies entering the big time and driving the market to new record highs, billion dollar deals dominated as solar, wind and energy efficiency overtook hydropower as the driver for big values for the first time. One in every three deals in 2011 was solar and overall deal value for the sector is up 56% from $10.2 billion to $15.8 billion. There was also continued strong momentum behind deal activity in the energy efficiency sector and, buoyed by the increase in big transactions, deal value in these two sectors nearly doubled year on year. Together, these two sectors accounted for the vast majority (79%) of the $15.3 billion increase in the total value of all renewables deals.
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