There were 187 projects for which data was collected regarding a change of ownership, and this change occurred in 18% of those projects (where this change required Procuring Authority approval). A third of these occurred in Europe, with substantial numbers in India and Latin America. There was no apparent difference between sectors in likelihood of change in ownership.
It should be noted that data was not collected on the time at which changes in ownership or refinancing occurred. Additionally, the projects in question have not been handed back to the Procuring Authority, and many have not entered into operations. The prevalence of these two events would be higher for projects that have completed their entire contract term.