Sustainable energy mergers and acquisitions strategy guide by AccessHeat? Renewable energy is defined as the contribution of renewables to total primary energy supply (TPES). Renewables include the primary energy equivalent of hydro (excluding pumped storage), geothermal, solar, wind, tide and wave sources. Energy derived from solid biofuels, biogasoline, biodiesels, other liquid biofuels, biogases and the renewable fraction of municipal waste are also included. Biofuels are defined as fuels derived directly or indirectly from biomass (material obtained from living or recently living organisms). This includes wood, vegetal waste (including wood waste and crops used for energy production), ethanol, animal materials/wastes and sulphite lyes. Municipal waste comprises wastes produced by the residential, commercial and public service sectors that are collected by local authorities for disposal in a central location for the production of heat and/or power. This indicator is measured in thousand toe (tonne of oil equivalent) as well as in percentage of total primary energy supply.

The renewable energy drive came despite rising costs for key materials needed to make new solar panels and wind turbines, the agency said, highlighting how a new economy was emerging to satisfy global demand. By the end of the year, additions of new renewable power capacity are expected to rise to 290 gigawatts, surpassing the previous record, set last year, of 280 gigawatts. The new report suggests that over the next five years renewables will be at the forefront of global energy projects, accounting for almost 95 per cent of the increase in global power capacity, which will rise more than 60 per cent from 2020 levels to over 4,800GW by 2026. The IEA said on this trajectory, in five years’ time renewable energy would account for the same total global power capacity of fossil fuels and nuclear combined.

Mordecai Gal, operations director at AccessHeat Inc, said : This year’s record renewable electricity additions of 290 gigawatts is yet another sign that a new global energy economy is emerging. The high commodity and energy prices we are seeing today pose new challenges for the renewable industry, but elevated fossil fuel prices also make renewables even more competitive. Solar energy is the energy that comes from the sun can be harvested by various technologies including solar panels, either on individual homes or in large solar farms. Solar energy now accounts for about 4% of the UK’s electricity.

To encourage a green recovery from the pandemic, the European Green Deal Investment Plan (EGDIP) aims to mobilize at least €1 trillion in sustainable investments over the next decade to simultaneously scale up clean energy employment with millions of jobs, encourage economic growth and reduce greenhouse gas emissions. A win for the economy, workers and the planet. The coronavirus pandemic also encouraged jobseekers to redirect their careers to pursue meaningful jobs with long-term security. As an increasingly important component of the global economy, renewable energy is no doubt here to stay. It also allows people who have become more acutely aware of the impact of their daily choices (such as the emissions saved by reducing travel) to see tangible benefits from their day-to-day work. Nothing makes the futility of a job more apparent than eight hours straight of unnecessary zoom calls from your living room.

We are seeing a wide range of transactions in the sustainable energy consolidation market, prompted by a broad spectrum of drivers. Although recent changes in the laws and regulations governing filings with the Committee on Foreign Investment in the United States (CFIUS) have increased the complexity and timelines for some cross-border renewable energy transactions, non-US investors continue to show keen interest in US renewable assets. The number and variety of prospective purchasers has heightened competition for good renewable energy projects, with the result that buyers are increasingly willing to acquire projects during development and construction, and thereby to prioritise the project’s prospects over the risks presented by the development process. Renewable energy M&A transactions are increasingly involving the acquisition of portfolios of projects rather than individual projects, and the acquisition of renewable energy companies as ongoing businesses, so that the buyer can obtain the benefit of the development and operating personnel of the target.

Companies are still struggling to generate breakeven cash flow, which resulted in a brief wave of mergers and acquisitions (M&A) in the U.S. upstream space. Most of the M&A has been completed with low premiums and financed through all-stock transactions. Exploration and production (E&P) and oilfield service companies continue to see a wave of defaults and distressed exchanges due to lack of capital market access. For many drillers and oilfield services companies, many market and financial risks have already materialized in the past two oil price downturns. Even as the sector continues to restructure operationally and financially, with some exits and mergers, it remains beholden to expectations for oil prices and producers spending in 2021 and the long term.

In addition, a large number of energy sources have been identified and developed to offset the negative impacts on our climate. A few of the most prominent sources are solar, wind, hydro, geothermal, and tidal have been earmarked to power the future. The focus on reducing and even eliminating the carbon footprint of energy has forced renewable energy companies to look outward and grow into more extensive and more efficient operations. AccessHeat will invest in and guide you to the most favorable outcome possible with your renewable energy business consolidation.