Asia-Pacific’s power industry saw a drop of 11.63% in deal activity during July 2022, when compared with the last 12-month average, led by BP Ventures’ $250m venture financing deal with Blu-Smart Mobility, according to GlobalData’s deals database.

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A total of 38 power industry deals worth $1.2bn were announced for the region in July 2022, against the 12-month average of 43 deals.

Of all the deal types, venture financing saw most activity in July 2022 with 20 transactions, representing a 52.6% share for the region.

In second place was M&A with 17 deals, followed by private equity deals with one transactions, respectively capturing a 44.7% and 2.6% share of the overall deal activity for the month.

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In terms of value of deals, M&A was the leading category in Asia-Pacific’s power industry with $771.71m, while venture financing and private equity deals totalled $333.83m and $83m, respectively.

Asia-Pacific power industry deals in July 2022: Top deals

The top five power deals accounted for 59% of the overall value during July 2022.

The combined value of the top five power deals stood at $700.87m, against the overall value of $1.2bn recorded for the month.

The top five power industry deals of July 2022 tracked by GlobalData were:

1) BP Ventures $250m venture financing deal with Blu-Smart Mobility

2) The $139.35m acquisition of 2% stake in Manila Electric by Metro Pacific Investments

3) Gulf Renewable EnergyLimited $136.1m acquisition deal for 50% stake in Gulf Gunkul Corporation

4) The $92.42m acquisition of NTPC Renewable Energy by NTPC Green Energy

5) Caisse de depot et placement du Quebec $83m private equity deal with Apraava Energy