Italian energy sector attracts investors
The renewable energy sector in Italy continues to attract investors despite the economic uncertainties and regulatory constraints, according to merger and acquisition (M&A) data provider, Mergermarket.
Mergermarket, which is owned by the Financial Times, highlighted the M&A trends for Italy at the recent Green Investor Day in Milan.
The aim of the Green Investor Day is to match supply and demand for capital which coincides with the VedoGreen mission. Vedo Green is the brand of IR Top, Italian specialist advisers on investor relations for SMEs. The creation of a green financial market is essential for the support of private investment.
According to Mergermarket, the Italian renewable energy sector has the most potential in Europe.
Laura Larghi, head of cleantech and renewable energy at Mergermarket told Maritime Journal: “The expected growth in green energy holds attractive prospects also for the Italian maritime industry but there is no concrete ongoing activities yet. Offshore wind farms and technology based on wave energy have still not developed in Italy.”
She added: “The green energy sector continues to attract investors. In the short term, the difficulties to raise financing as well as the lack of clear legal framework in several European countries are slowing down investments and medium and long term plans.”
Mergermarket’s data reveals that Q1 2013 saw five deals in the renewable energy sector with a €54m deal value and four deals in the solar sector for the same value. Mergermarket says startup companies with innovative technologies and alternative business models continue to enter the sector.
The future growth in the sector is expected to be driven by increasing pressure to reach EU renewable targets by 2020 and a rise in demands for countries to invest.
Related Articles
MARINE CONSTRUCTION
POWER & PROPULSION
ENVIRONMENT