The total worldwide power and renewables deal value rose from USD 143.3 billion in 2013 to USD 243.1 billion in 2014, a 70 per cent rise over last year, said the PwC and Strategy&'s latest annual Power and Renewables Deals report.
    
This is the first time the total has broken out of the USD 100-200 billion range established since the pre-credit crisis year of 2007.
    
"The scope for deal flow is substantial in conventional power, but most players are on a 'wait and watch' mode due to unresolved regulatory issues," PwC India partner and Leader Power Utilities and Mining Kameswara Rao said.
    
In 2015, a more globally-balanced spread of deals is expected with fewer of the US mega-deals that buoyed 2014 total figure, according to the report.
    
"A flow of privatisation and other government sales could have a significant impact on 2015 deal activity, particularly in Australia and Turkey," the report added.

 

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