Full Title: PwC Deals North American Power & Utilities Deal Insights Q1 2018
Author(s): PwC
Publisher(s): PwC
Publication Date: April 1, 2018
Full Text: Download Resource
Description (excerpt):
Fading uncertainties regarding tax reform, the unique window of opportunity for solar
and wind energy assets, and a continuing drive to rationalize portfolios all served to
keep results strong in the first quarter of 2018.
Deal volume declined in the first quarter compared to Q4 2017, but deal value rose to
$28.9 billion from $18.0 billion, thanks largely to two mega deals that accounted for 77
percent of total deal value. Dominion Energy agreed to acquire SCANA Corporation in a
transaction valued at $14.5 billion. Global Infrastructure Partners announced an
agreement to acquire Zephyr Renewables LLC in a deal estimated to be worth $7.9
billion.
Partly due to the Zephyr deal, renewable deals represented 36 percent of total deal
value, or $10.3 billion for the quarter. Investors took advantage of the window of
opportunity in the segment as growing efficiency continues to reduce cost while an
assortment of phasing down government incentives encourage investment.