The world’s power industry saw the value of deals fall to $610 billion (£433bn) last year.
That represented around 2,855 agreements, a 17% decrease in the number of deals and an 8% fall in value compared to the previous year, a new report claims.
That’s in comparison to around 4,100 deals with a total value of more than $968 million (£688m) in 2011.
The solar industry struck the highest number of deals last year at 1,115, however that’s still a reduction from 1,184 in 2014.
That was due to investors being attracted by the sector’s “fast growth and profitability, with the potential to generate early return on investment without much financial risk”, the report adds.
Wind energy came second with 757 deals and fossil fuels and hydro markets followed with 511 and 506.
Ankit Mathur, GlobalData’s Practice Head for Power said: “The number of deals has been decreasing as new and existing investors, foreseeing massive changes in the industry, limit their investments. This is largely due to policy changes and the adoption of new technologies in place of traditional business models. However, it is expected that by adopting integrated policies and creating favourable environments for investments, the industry can regain momentum.”