India and China are among the countries that are expected to see higher investment in the renewable energy sector, which has seen M&A deals worldwide worth over USD 11 billion in first three months of 2011.
Global consultancy KPMG's latest survey showed that the US, China, India, Germany and the UK would be top destinations for renewable energy investments.
A staggering 141 M&A deals -- worth about USD 11.2 billion -- were announced in 2011's first quarter. The value is more than double the quarterly average value of USD 5.5 billion seen in 2010.
"The top five targeted countries for renewable energy investment are the USA, selected by 53 per cent of the respondents, China (38 per cent), India (35 per cent), Germany 34 per cent, and the UK (33 per cent)," KPMG report noted.
The findings are based on a survey of 500 senior executives in renewable energy sector between January and March. The respondents included corporates, investors and government bodies, among others.
"The global renewable M&A market has had a busy start to 2011, with a substantial jump in global activity which looks set to continue.
"In particular, our survey has shown that deals in the USD 50 million to USD 0.5 billion bracket are likely to see the greatest increase...," KPMG India Head of Advisory Richard Rekhy said.
KPMG had commissioned a specialist renewable energy research entity VB/Research for the survey.
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