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Commodity Online: Global spending in renewable energy rise 40% in 2011

Commodity Online reports: PwC noted in its annual analysis of merger and acquisition (M&A) transactions in the sector shows that deal values worldwide in 2011 totalled $53.5 billion, up 40 percent from 2010 rates. According to PwC, in 2011 one in every three transactions last year involved solar and the overall value for that sector rose 56 percent to $15.8 billion. Renewable power is rising as a useful alternative to traditional power sources, from the EU and the Third World, and those looking to understand the shapes of the 21st century’s rising energy needs should pay increasing attention, and, if they want their investment profits in an ever more uncertain world, do their homework.

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