Biomass overtakes wind as champion in renewable energy

RenewableEnergyFocus.com
07 June 2010

Biomass facilities have become a more attractive investment than wind and solar technologies, according to the renewable energy sector.

The annual survey of global renewable energy mergers and acquisitions (M&A) by KPMG International indicates that 37% of respondents intend to invest in biomass, while 36% want to invest in solar and 35% in wind energy.

The M&A market increased 145% in deal volume in the first quarter of this year against 2009, with a 63% increase in value. It is expected that many start-up small firms in the renewable energy sector, which have limited finances but have survived the economic recession, may face the prospect of being bought up by another company this year or not surviving due to their frailty.

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