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Renewable M&A State of the Market: H2 2024

Market Insights
March 4, 2025

Navigate the Evolving Renewable Energy M&A Landscape

Last year saw significant strategic shifts and market recalibration for the Renewable Energy M&A market, denoted by evolving buyer priorities and a new mindset on dealmaking amidst changing economic conditions. LevelTen’s latest Renewable M&A State of the Market report sheds light on the pivot from the period of rapid pipeline growth to today’s more cautious and strategic approach, driven by factors like higher interest rates, permitting and interconnection challenges, and regulatory uncertainty. 

Access the report for an in-depth look at key trends and issues impacting deal flow and insight into where the market may be heading:

  • Discover how the "higher for longer" interest rate environment is reshaping M&A strategies. Learn how buyers are shifting their focus and how this impacts deal flow.
  • Understand the shift towards late-stage, de-risked projects. Find out why quality is trumping quantity in today's market.
  • Explore the resurgence of bilaterally-sourced  deals. See why many buyers are prioritizing direct negotiations over competitive bidding processes, and how asset sellers can reach these buyers.
  • Gain insights into the European renewable energy M&A market. Get a snapshot of the hottest markets and the latest trends.
  • Dive into LevelTen's exclusive data and analytics. Access M&A market intelligence you won't find anywhere else. Hungry for more data? Email us assetmarketplace@leveltenenergy.com for how to access additional analysis.

Please complete the form below to download the report.

Clare Daly

Clare has a proven ability to manage the entire M&A transaction lifecycle for renewable energy project developers, having helped close over 30 renewable energy M&A deals, totaling over 7 GW in capacity. She is skilled in assisting clients in negotiating contracts and managing complex transactions while ensuring client satisfaction. Clare possesses in-depth knowledge of the renewable energy market, project finance, deal structuring, and due diligence processes. Before joining LevelTen in May of 2021 she worked as a development and construction manager at Unico Solar Investors, giving her a firm understanding of the renewable energy project development process. Clare received her bachelor's degree in Urban Studies with a minor in Business Administration from Fordham University. She also holds a commercial real estate development certificate from the University of Washington.

Carlos Almodóvar

Carlos Almodóvar is the Director of LevelTen’s Asset Marketplace, Europe, where he provides counsel to clients looking to acquire and divest from renewable assets and helps to facilitate and close transactions. Carlos brings more than 12 years of international experience in the renewable energy industry developing roles across operations, asset management, M&A and financial advisory in geographies such as Europe, Asia and Latin America. He has led M&A transactions in excess of 17GW related to solar PV, onshore wind, and storage technologies helping both developers and investors reach successful closings. Carlos holds an undergraduate degree in telecommunication engineering from Universidad Alcalá de Henares and a masters degree in corporate finance from CUNEF.

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