U.S. Renewables M&A: A Review of 2020 and Outlook for 2021

February 8, 2021

2020 was another strong year for U.S. renewables M&A, notwithstanding the dislocations caused by the global COVID-19 pandemic and a tumultuous U.S. election cycle. The industry demonstrated resilience throughout the year, and acquirers were empowered by sustained technology cost declines, comparatively stable rates of return and a heightened focus on Environmental, Social, and Governance (ESG) considerations.