Geothermal energy in India

Thermax, a leading energy and environmental service firm in India, is partnering with Reykjavik Geothermal to develop power plants in India.  A 3 MW pilot project in Ladakh has been planned.  This deal is in alignment with similar deals Thermal has executed on in the recent past, seeking to strengthen its position as a supplier of clean energy projects in India.

Renewables M&A gets down to earth

KPMG has published an interesting survey of mergers and acquisitions in the renewable energy industry.  Major conclusions include:

1. Deal volume has, of course, fallen from nearly $26 billion in 2007 to a little over $18 billion in 2008 …
2. … With the billion-dollar transactions of 2008 being replaced by smaller-sized deals in the $300-500 million range and …
3. … Focused on currently operating assets in contrast to acquiring promising but undeveloped capacity
4. Investors are also using the depressed valuations to focus, consolidate, and grow positions
5. Government regulations and support drive renewable investments and, in recognition, nearly 16% of worldwide stimulus funds totaling almost $3 trillion have been allocated to “green” energy