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.
Verdict deals analysis methodology
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.
GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.
More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.