Alternative Energy Surges in Q2 Missing Africa

Q2 2010 has proven to be a good quarter for the alternative energy business, according to GlobalData’s “Alternative Energy Quarterly Deals Analysis M&A and Investments Trends.” However, it wasn’t as good in Africa compared to other continents.

The period saw an increase in new investments coming from North America and Europe – which contributed almost 90% of the total new investment of $36.3 billion. Investments reported a marginal increase in deal value from $35.1 billion in Q1 to $36.3 in Q2. The report said, “South and Central America, the Middle East, and Africa registered a decrease in the number of deals and deal value, reporting 67 deals worth $11.9 billion in Q1 compared to 72 deals worth 17.9 billion in Q2.”

The Chinese market had the most asset financing investments and many clean energy projects/capacity addition and new projects are underway. North America and Europe reported $37.8 billion and $28.2 billion of investments respectively, compared to $34.5 billion and $26.9 billion respectively.

Other aspects like asset financing deals increased by 22%, registering 415 deals in Q2 compared to 341 deals the previous quarter. Technology wise, the hydro and wind energy markets were the key in driving the overall investment up in the alternative energy market, accounting for 72% of the total new project investments in Q2.

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