Clean-energy acquisitions nearly tripled in Latin America last year--the highest growth rate in the world, according to PricewaterhouseCoopers (PwC).
An increasing demand for electricity coupled with stricter environmental policies has resulted in renewable energy deals valued at $7.6 billion, up from $2.7 billion in 2014, the consulting firm said in its annual Power & Renewables Deals report.
"There is increasing interest in the region," Arthur Ramos, a partner at PwC's strategic consulting unit Strategy& told BloombergBusiness. "Multinationals are taking stronger positions in Latin America where there is a perspective of lack of power supply in the long term. And many countries are offering low risk models of energy contracts for investors."
In total, mergers and acquisitions in Latin America shot up 56 percent to $12.4 billion last year. Only the Asia Pacific region brokered more deals.
At ALLEN & YORK we have established a new LATAM renewable energy team, who are working with clients and candidates across the region.
If you are looking to recruit or for a career within Latin American Renewable Energy, contact Oscar Castro, Lead LATAM Recruitment Consultant