State of the renewables M&A market

The M&A market in the renewable sector has experienced a slowdown due to various factors including industry consolidation and changing valuations. However, there is still strong interest from buyers, both domestically and internationally, who view acquiring platforms as a key strategy for achieving long-term sustainability goals. The slowdown is attributed to fewer opportunities in the mature market, as well as changes in valuations and deal structures. Additionally, factors such as higher interest rates and the need to restructure power purchase agreements have affected the market, creating bid-ass spreads and a temporary delay in transactions.