Semafor Quotes Vanessa Richelle Wilson on Potential Consolidation in Solar Industry

For its article “After Big Oil’s waves of consolidations, Big Solar could be next,” Semafor quoted Akin projects & energy transition partner Vanessa Richelle Wilson. The article looks at the potential for a consolidation wave in the solar industry.

Vanessa said that between high borrowing costs; long interconnection delays; rising fees to hold a place in the connection queue; and shortages of solar farm hardware, smaller project developers are experiencing a depletion of financial resources and a diminishing level of patience. “Because of those requirements, we’re seeing developers that maybe had an eye towards selling, now trying to sell a bit earlier. That’s a real opportunity for buyers from a price perspective,” she said.