Solar power deal making in North American and European markets saw a major uptick in 2020 and early 2021 thanks to growing demand for stakes in future generation capacity.

Click here for detail on these deals on a country-by-country basis, with data provided by Evaluate Energy.

“We examined deals between the start of January last year up to and including February 15 this year, and the North American uptick compared to 2019 is almost entirely down to acquisitions of future capacity in the U.S., so projects that are not yet online and generating power,” said Eoin Coyne, senior M&A analyst at Evaluate Energy.

“As the energy transition continues to pick up steam around the world, gaining access to a growing U.S. solar power generation space has clearly become a priority over the past 12-15 months or so for investors.”

36 GW of the 42 GW (86%) of solar power generation capacity involved in U.S. deals since the start of 2020 was for future planned capacity. More on recent U.S. solar deal making in recent years can be found in this free Excel download.

“Europe’s increase was driven by major increases in capacity changing hands in Spain, while the smaller but no less significant increases in activity seen in the Asia Pacific and Central Asian regions were caused primarily by upticks in capacity being dealt for in Japan and India, respectively.”