Global Renewable Energy M&A Hits $117B in 2024, Led by Over $60B in Private Equity Investments

SAN DIEGO - Feb. 17, 2025 - PRLog -- Global Renewable Energy M&A Hits $117B in 2024, Led by Over $60B in Private Equity Investments

[February 12, 2025] – The global renewable energy sector demonstrated remarkable resilience in 2024, with mergers and acquisitions (M&A) activity exceeding $117B, marking another record-breaking year despite macroeconomic uncertainties.

According to Enerdatics' 2024 Renewable Energy M&A Analysis and 2025 Outlook, private equity (PE) firms, infrastructure funds, and strategic investors played a pivotal role in transactions, focusing on platform acquisitions, asset rotation strategies, and expansion into emerging markets.

North America Leads Global M&A, While Europe Sees Strong Private Equity Activity

North America accounted for over $5B in M&A activity, with corporate acquisitions and PE investments dominating the landscape. A regional shift was observed, as MISO overtook ERCOT in transaction volume, driven by increasing data center expansion and a rise in build-transfer agreements (BTAs).

"2024 was a defining year for renewable energy M&A, as investors actively adjusted strategies to navigate economic and policy headwinds while securing high-quality project pipelines," said Kshitij NR, Head of Research and Analysis at Enerdatics. "The continued influx of capital highlights sustained confidence in the renewable energy transition, even amid evolving market dynamics."

In Europe, M&A activity totaled $40B, with private equity-backed deals reaching $21B. The UK and Germany maintained their dominance, while Romania and Greece gained traction, driven by competitive power pricing and favorable regulatory policies.

2025 Outlook: Growth in Energy Storage and Market Adaptations

Enerdatics forecasts private equity to continue dominating renewable energy M&A in 2025, leveraging declining interest rates to acquire premium assets.

The battery energy storage sector (BESS) is set for significant growth, particularly in Australia, Chile, and Europe, as grid constraints and renewable intermittency drive demand for flexible energy solutions.

"Investors in 2025 must navigate an evolving regulatory landscape while maintaining a focus on asset diversification and long-term financial resilience," said Hari Krishnan, Principal Analyst at Enerdatics. "In the U.S., wind repowering projects are becoming a priority as potential policy shifts influence investment decisions."

Access the Full Report Here: https://enerdatics.com/annualma2024/