Beginning Consolidation in the Renewable Energy Industry and Bidders' M & A-Success (Report‪)‬

1. Introduction The renewable energy industry has seen rapid growth over the last decade. Fuelled by growing concerns about climate change and dwindling fossil fuel resources, governments have put aggressive stimulus packages in place to grow new businesses and support established players in the industry. The use of solar, wind, hydro, geothermal and tidal energy sources as well as biomass is widely regarded as a key element of future energy supply. In 2008 more power capacity was added from renewable energy sources than from conventional means in both the European Union and the United States [1].