Analysis of the key themes driving private equity activity reveals that environmental sustainability accounted for 52 power deals announced in Q3 2022, worth a total value of $5.1bn, according to GlobalData’s Deals Database. The $894m private equity of Midland Cogeneration VenturePartnership by Capital Power and Manulife Infrastructure Fund II was the industry’s largest disclosed deal.

In value terms, environmental sustainability-related deal activity decreased by 25% in Q3 2022 compared with the previous quarter’s total of $6.8bn and fell by 11% as compared to Q3 2021. Related deal volume decreased by 7% in Q3 2022 versus the previous quarter and was 1200% higher than in Q3 2021.







                     
   




Top 5 private equity deals related to environmental sustainability in the power industry since 2021
Target Acquirer Deal Value ($M) Deal Date
Suez Ardian Holding; Global Infrastructure Partners $13,660M Jan-21
Covanta Holding EQT $5,300M Jul-21
Reden Solar British Columbia Investment Management; Macquarie Asset Management Holding; MEAG Munich Ergo AssetManagement $2,733M Mar-22
China National Nuclear Huineng Beijing Guanghe Confluence New Energy Technology Enterprise; China Life Insurance ; CITIC Securities ; Guohua Military and Civil Integration Industrial Development Fund Management; Sichuan Energy Investment Development; Zheneng Electric Power; Zhuhai Deqing Hengda Investment Partnership No 3 $1,115M May-22
Hafslund Oslo Celsio Hafslund Produksjon Holding; HitecVision; Infranode $1,051M Mar-22
Source: GlobalData Deals Database

GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Buyouts and Direct Investments done by Private Equity firms.