Analysis of the key themes driving M&A activity reveals that energy storage accounted for 46 power deals announced in Q2 2023, worth a total value of $3.2bn. The $2.8bn acquisition of Duke Energy by Brookfield Renewable Partners was the industry’s largest disclosed deal. GlobalData’s Power Industry Mergers and Acquisitions Deals report for Q2 2023 uncovers key trends behind the power market M&A deals and helps gain a comprehensive understanding of the disruptive themes driving most notable to deals. Buy the report here.
In value terms, energy storage-related deal activity decreased by 29% in Q2 2023 compared with the previous quarter’s total of $4.5bn and rose by 144% as compared to Q2 2022. Related deal volume decreased by 27% in Q2 2023 versus the previous quarter and was 16% lower than in Q2 2022.
The top-ranked legal advisors supporting these M&A deals in Q2 2023 were TLT; Baker & McKenzie; Baker Botts with 3, 2, 2 deals respectively.
For further understanding of GlobalData's Power Industry Mergers and Acquisitions Deals by Top Themes in Q2 2023 – Thematic Intelligence, buy the report here.