Power November deals snapshot

28 December 2020 (Last Updated January 4th, 2021 05:40)

The value of the ten biggest power sector deals topped $10.2 billion in November, with a $2.4 billion investment deal in a Laos hydropower company topping the chart. 

Power November deals snapshot
The value of the ten biggest power sector deals topped $10.2 billion in November 2020. Credit: Adam Radosavljevic from Pixabay.

The value of the ten biggest power sector deals topped $10.2 billion in November, with a $2.4 billion investment deal in a Laos hydropower company topping the chart.

 

Doosan Heavy Industries & Construction signed an agreement with Korea Western Power to participate in a hydroelectric power plant construction project in Laos late last month.

The deal will see Doosan work with Korea Western Power to jointly develop the hydroelectric power plant, localize key materials and equipment for the plant and find export markets for them.

Elsewhere, two renewable energy deals were the only significant US-based action in November.

Global investment firm KKR announced plans to invest $1.4 billion in NextEra’s utility-scale wind and solar assets. And Invenergy, a privately-held global developer and operator of sustainable energy solutions, today announced a Texas-based 1,310-megawatt solar energy generation facility that will be the largest in the US once it’s finished.

In Ukraine, Chinese energy construction firm PowerChina has joined hands with Ukrainian developer WindFarm to build an 800-MW wind farm in Ukraine with a $1 billion investment.

Visit our ‘Power Deals Dashboard’ for the latest trends in M&A, PE, and VC activity, top deals and advisory league tables in the power industry.