What makes the deal interesting, he said, is the choice of assets and ventures that GE is selling off. “Renewables offer stable, long term returns, which suggests that, right now, GE needs some quick wins,” he observed.

LeWand said the transactions were unlikely to suggest the start of any wider clean energy divestment trend, but simply reflected GE’s efforts to reduce debt while underscoring Enel’s drive to increase overall capacity in the U.S.

“We expect M&A activity in the U.S. market to be strong in the coming months, largely driven by demand from strategic and financial acquirers,” he said.

Source: greentechmedia