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In 2009, there were an estimated 505 clean-technology M&A transactions globally, totaling $31.8 billion, according to the Cleantech Group, a research firm based in San Francsico.
In North America, Europe and Israel, the number of clean technology M&A deals was up from 2008, but the total value of those transactions was down. In China, however, M&A activity in the sector was red hot. The country reached a historic high with 29 transactions totaling $5.5 billion.
Click ahead to see the biggest clean tech deals around the world.
By Brooke Sopelsa
(Posted Jan 8, 2010)
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Acquiring Company: Bord Gais (Ireland)
Target Company: SWS Natural Resources (Ireland)
M&A Type: Acquisition
Amount: $720 million
Irish energy provider Bord Gáis completed the purchase of SWS Natural Resources, one of the largest wind generators in Ireland, in December 2009.
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Company: Statkraft (Norway)
Company: StatoilHydro (Norway)
M&A Type: Divesture
Amount: $741 million
Norwegian energy companies Statkraft and StatoilHydro joined forces to develop a 315-megawatt, offshore wind farm off the coast of Norfolk in the UK. The wind farm will consist of 88 turbines and is planned to start production in 2011.
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Acquiring Company: Germany1 Acquisitions Limited (Germany)
Target Company: AEG Power Solutions (France)
M&A Type: Acquisition
Amount: $775 million
Germany1 Acquisitions Limited, a special purpose acquisition company, acquired 100% of the shares of AEG Power Solutions, a power company with a product line that includes solar inverters.
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Acquiring Company: Great Lakes Hydro Income Fund (Canada)
Target Company: Brookfield Renewable Power (Canada)
M&A Type: Divesture
Amount: $809 million
The Great Lakes Hydro Income Fund bought the Canadian renewable power generation assets of Brookfield Renewable Power. The portfolio includes 15 hydroelectric plants and a soon-to-be-constructed wind power project.
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Acquiring Company: Suez Environment (France)
Target Company: Agbar (Spain)
M&A Type: Acquisition
Amount: $1.3 billion
France’s Suez Environment, a water and waste management company, acquired Barcelona, Spain-based water company Agbar. The deal makes Suez a leading player in Spain’s water sector.
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Acquiring Company: Bunge (USA)
Target Company: Moema (Brazil)
M&A Type: Acquisition
Amount: $1.4 billion
Bunge, an agricultural company that supplies raw materials and services to the biofuels industry, entered into an agreement to become the 100% owner of Brazillian sugar producer Moema.
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Company: Statkraft (Norway)
Company: Sodra (Sweden)
M&A Type: Joint Venture
Amount: $1.5 billion
Swedish forestry and timber product company Södra and Norwegian energy company Statkraft signed a renewable energy agreement in the third quarter that initiates a range of investment projects and cooperative agreements in the energy sector, including the expansion of wind power activities and the supply of district heating, biofuels and electricity.
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Acquiring Company: Mainstream Renewable Power (Ireland)
Target Company: FPC Services (USA)
M&A Type: Divesture
Amount: $1.7 billion
Mainstream Renewable Power, a renewable energy company based in Ireland, acquired a portfolio of wind farm projects from Illinois wind farm developer FPC Services. The portfolio has a potential capacity of 787MW.
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Acquiring Company: GCL-Poly Energy Holdings (China)
Target Company: Jiangsu Zhongneng Polysilicon Technology Development Co. (China)
M&A Type: Acquisition
Amount: $3.4 billion
Chinese power company GCL-Poly Energy Holdings acquired Jiangsu Zhongneng Polysilicon Technology Development, China's largest polysilicon and solar wafer maker.
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Acquiring Company: Panasonic (Japan)
Target Company: Sanyo Electric Co. (Japan)
M&A Type: Acquisition
Amount: $4.6 billion
Panasonic acquired a majority stake in Sanyo Electric., the world's largest rechargeable -battery maker. The takeover makes Panasonic a dominant player in the fast-growing market for hybrid car batteries.