Value of global power and utilities transactions hit eight-year high of US$200.2 billion

The value of global power and utilities transactions hit an eight-year high of US$200.2 billion last year, as energy firms sought new growth opportunities amid low energy prices.

* The value of global deals last year was 4 % higher than in 2016 and renewables deals, such as wind and solar, accounted for US$42.8 billion of the total, the report said.

* In the Americas, stretching from Canada to Chile, deal value reached US$102.2 billion, partly driven by a 71 % increase in the value of deals in the renewable power sector which reached US$14.2 billion in 2017.

* European deal value was similar to 2016 levels at US$50.3 billion.

* European deal value was curbed by low electricity prices and flat demand, the report said.

* In the Asia-Pacific region, total deal value rose by 14 % to US$46.7 billion, driven by a 72 % increase in the value of renewable deals at US$13.5 billion

European deal value was similar to 2016 levels at $50.3 billion.

* European deal value was curbed by low electricity prices and flat demand, the report said.

* In the Asia-Pacific region, total deal value rose by 14 % to $46.7 billion, driven by a 72 % increase in the value of renewable deals at $13.5 billion.

(EOG)

Subscribe to Get the Latest Updates from EOG  Please click here