Renewable energy mergers and acquisitions to double in 2013

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The renewable energy sector in North America is experiencing intense merger and acquisition (M&A) activity.

The number of deals grew by two-thirds year-over-year in 2011, although the total deal value decreased by one-third, from $48.8 billion in 2010 to $33.4 billion in 2011, according to research from Frost & Sullivan.

"In 2011, the number of deals rose dramatically -- by 58 percent from 2010 in wind and 48 percent from 2010 in solar -- but total values were down by 24 percent in wind and 20 percent in solar," said Frost & Sullivan business & financial services consultant K. Vinod Cartic. "Investors, developers and operators were extremely busy, but the typical deal size was smaller."

Frost & Sullivan estimates that the market will double in 2013 due to increased interest in alternative energy sources.

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