RENEWABLE ENERGY INFRASTRUCTURE

alternative assets. intelligent data.

RENEWABLE ENERGY
INFRASTRUCTURE
We provide an overview of the renewable energy infrastructure industry, including deals, fundraising and institutional investors
targeting this increasingly prominent segment of the asset class.

191
renewable energy deals were completed
326
renewable energy deals were completed
384
renewable energy deals were completed
in 2016 for US assets, the highest in 2016 for solar assets, the highest in 2016 for greenfield assets, the highest
number of any single country. number of any single sub-industry. number of any single sub-industry.

Fig. 1: Completed Renewable Energy Infrastructure Deals, Fig. 2: Completed Renewable Energy Infrastructure Deals by
2009 - 2016 Region, 2009 - 2016
800 250 800
700 700
Aggregate Deal Value ($bn)

200
600
600
No. of Deals

500 150
No. of Deals

500
400
100 400
300
200 300
50
100 200
0 0 100
2009 2010 2011 2012 2013 2014 2015 2016
0
No. of Deals 2009 2010 2011 2012 2013 2014 2015 2016
Reported Aggregate Deal Value ($bn)
Estimated Aggregate Deal Value ($bn) North America Europe Asia Africa Australasia Latin America
Source: Preqin Infrastructure Online Source: Preqin Infrastructure Online

Fig. 3: Completed Renewable Energy Infrastructure Deals by Fig. 4: Renewable Energy-Focused Unlisted Infrastructure
Sub-Industry, 2009 - 2016 Fundraising, 2009 - 2016
800 35 33

700 30 29

600 25 24

500 20 19
No. of Deals

18
14 15
400 15 14.0
12.8
10 11.4
300 10 8.0 7.4
200 4.9 4.1
5 3.9

100 0
2009 2010 2011 2012 2013 2014 2015 2016
0
2009 2010 2011 2012 2013 2014 2015 2016 Year of Final Close
Biomass/Biofuel Hydropower Solar Power Wind Power Other No. of Funds Closed Aggregate Capital Raised ($bn)
Source: Preqin Infrastructure Online Source: Preqin Infrastructure Online

1 2017 Preqin Ltd. / www.preqin.com

 RENEWABLE ENERGY INFRASTRUCTURE
alternative assets. intelligent data.

Fig. 5: Five Largest Renewable Energy Deals in 2016

Asset Location Industry Investor(s) Deal Size (mn) Stake (%) Deal Date
Diga di Rogun Dam Project Tajikistan Hydropower Impregilo 3,900 USD 100 Jul-16
Koysha Dam Project Ethiopia Hydropower Impregilo 2,500 EUR 100 May-16
Baltic Srodkowy III Offshore
Poland Wind Power Kulczyk Investments 2,576 USD 100 Aug-16
Wind Farm
940MW Vietnam Wind Project Vietnam Wind Power Mainstream Renewable Power 2,200 USD - Nov-16
Brookfield Renewable Energy
Isagen Colombia Hydropower 2,200 USD 57.6 Jan-16
Partners, Unidentified Investor(s)
Source: Preqin Infrastructure Online

Fig. 6: Infrastructure Industries Targeted by Institutional Fig. 7: Regions Targeted by Institutional Investors in Renewable
Investors in the Next 12 Months Energy Infrastructure over the Next 12 Months
70% 65% 70%
61% 61%
Proportion of Fund Searches

60% 60%

Proportion of Fund Searches

50% 48%
50%
43%
40% 35%
40%
30% 32% 32%
22% 24%
30%
20%
11% 20%
10% 14%
11%
0% 10%
Telecoms
Energy

Renewable

Logistics

Transport

Utilities

Social
Energy

0%
North Europe Asia-Pacific Rest of Emerging Global
America World Markets
Industry Targeted Region Targeted
Source: Preqin Infrastructure Online Source: Preqin Infrastructure Online

Fig. 8: Sample Institutional Investors Targeting Renewable Energy Infrastructure in the Next 12 Months

Investor Location Type Investment Plans in the Next 12 Months

Will continue to invest in the renewable energy sector
Lrernes Pension Hellerup, Denmark Public Pension Fund through primary unlisted fund commitments and direct
investments targeting Europe.
Favours renewable energy and utilities assets with power
purchase agreements or feed-in tariffs, targeting primary
Hyundai Insurance Seoul, South Korea Insurance Company and debt/mezzanine investments in developed markets.
However, it is cautious towards Europe due to the political
risk in the year ahead.
Will invest adhering to its traditional strategy of targeting a
Real Assets Fund of range of economic infrastructure assets, but primarily within
Sonen Capital San Francisco, US
Funds Manager energy (including renewables), on a global scale through its
real assets fund of funds vehicle.
Source: Preqin Infrastructure Online

INFRASTRUCTURE ONLINE

Preqins Infrastructure Online contains details on 7,330 renewable energy infrastructure deals, including information on asset type,
buyers & sellers and more.

Plus, Infrastructure Online currently tracks 1,350 investors with a preference for renewable energy infrastructure, with detailed
information on their current and target allocations, investment preferences and future plans.

For more information, or to arrange a demonstration, please visit:

www.preqin.com/infrastructure

2 2017 Preqin Ltd. / www.preqin.com