KPMG Forecasts Global Renewable Power Industry Growth

NAW Staff, Thursday 07 June 2007 - 10:34:11

According to recent report issued by KPMG International, the rate of transactions in the global renewable power industry - including wind power - is expected to continue to grow.

The report on mergers and acquisitions in the global power and utilities industry report - which surveyed 40 senior executives from some of the largest global power and utilities companies - reveals that the appetite and expectation for deal flow in industrialized markets remains high, KPMG says.
 
Along with utility consolidation and deregulation, diversification into renewables was noted as a significant industry trend - and one that KPMG predicts will become increasingly important.

Concerns about energy security and climate change - in addition to incentives from governments to bolster investment in renewable energy sources - are expected to promote growing interest from utilities in wind power and other renewable energy assets, the firm explains.


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