• 3 minutes "Biden Is Running U.S. Energy Security Into The Ground" by Irina Slav
  • 6 minutes How Far Have We Really Gotten With Alternative Energy
  • 9 minutes "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 7 days 87,000 new IRS agents, higher taxes, and a massive green energy slush fund... "Here Are The Winners And Losers In The 'Inflation Reduction Act'"-ZeroHedge
  • 5 days Energy Armageddon
  • 3 days "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 13 hours "Forget Oil, The Real Crisis Is Diesel Inventories: The US Has Just 25 Days Left" by Zero Hedge - 5 Stars *****
  • 20 hours "The Global Digital ID Prison" by James Corbett of CorbettReport.com
  • 17 hours "Europe’s Energy Crisis Has Ended Its Era Of Abundance" by Irina Slav
  • 20 hours The Federal Reserve and Money...Aspects which are not widely known
  • 4 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 2 days Is Europe heading for winter of discontent with extensive gas shortages?
  • 5 days Сryptocurrency predictions
  • 2 days Goldman Betting on Cryptocurrencies
  • 10 days Putin and Xi Bet on the Global South
City A.M

City A.M

CityAM.com is the online presence of City A.M., London's first free daily business newspaper. Both platforms cover financial and business news as well as sport and…

More Info

Premium Content

Europe Sees Wave Of Multi-Billion-Euro Renewable Energy Investments

  • The war in Ukraine is redefining global energy markets. 
  • Some are speculating that this could mark a shift in how Europe prioritizes its energy investments.
  • 2022 has seen a wave of multi-billion-euro renewable energy deals.

In European energy, Russia’s invasion of Ukraine has defined the market so far in 2022. Gas prices have soared, exacerbating inflation. How organizations, consumers, and governments respond could mark the beginning of an evolution in European energy. Is renewables the way forward for Europe?

Renewed interest?

Policymakers know they must move swiftly on renewables, but dealmakers are already aware of the benefits. Renewables deals came to the fore last year, such as when Engie and Crédit Agricole bought Spanish renewable power producer Eolia for €2.2bn.

The trend has carried into 2022, despite the macroeconomic turmoil that has characterized much of this year. In fact, three of the five biggest EMEA energy deals in H1 fell into the renewables sphere.

Danish power company Ørsted sold a 50% stake in a UK offshore wind farm to French financial giants Axa and Crédit Agricole for €3.6bn. And PE giant KKR was busy with two mega-deals this past Spring: the acquisitions of France’s Albioma for €2.6bn and Britain’s ContourGlobal for €5.5bn.  

There were also sizable deals in the wider EMEA region:  Nigeria’s Seplat acquired Exxon Mobil’s local offshore shallow water business, Mobil Producing Nigeria, for €1.4bn and Abu Dhabi National Oil Company and Abu Dhabi National Energy Company bought a 67% stake in United Arab Emirates renewables operator Masdar for €1.2bn.

Inevitable growth?

The need for green energy investment has long been evident, and the market is swiftly maturing. Europe is committed to its net zero targets and the activity of financial sponsors shows they have high conviction in the growth of renewables. And Europe’s recent decision to define natural gas and nuclear as clean energy sources under the EU taxonomy is likely to see greater interest in these assets. Accelerated by Russia’s invasion of Ukraine, increasing M&A activity in Europe’s renewables sector seems inevitable.

By CityAM

More Top Reads From Oilprice.com:

Download The Free Oilprice App Today

Back to homepage

Leave a comment
  • Frank Clemente on September 14 2022 said:
    Yes, the EU is well known for its astute energy decisions.

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News