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  1. Deals Analysis
May 23, 2021

Europe’s power industry saw a drop of 29.23% in deal activity during April 2021

By Baghmar P

Europe’s power industry saw a drop of 29.23% in deal activity during April 2021, when compared with the last 12-month average, led by Norges Bank Investment Management (NBIM)’s $1.63bn acquisition of Orsted, according to GlobalData’s deals database.

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A total of 46 power industry deals worth $4.7bn were announced for the region in April 2021, against the 12-month average of 65 deals.

Of all the deal types, M&A saw most activity in April 2021 with 33 transactions, representing a 71.7% share for the region.

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In second place was private equity with eight deals, followed by venture financing deals with five transactions, respectively capturing a 17.4% and 10.9% share of the overall deal activity for the month.

In terms of value of deals, M&A was the leading category in Europe’s power industry with $3.96bn, while venture financing and private equity deals totalled $563.45m and $155.41m, respectively.

Europe power industry deals in April 2021: Top deals

The top five power deals accounted for 92.01% of the overall value during April 2021.

The combined value of the top five power deals stood at $4.31bn, against the overall value of $4.7bn recorded for the month.

The top five power industry deals of April 2021 tracked by GlobalData were:

1) Norges Bank Investment Management (NBIM)’s $1.63bn asset transaction for 50% stake with Orsted

2) The $1.26bn asset transaction deal with Helia Renovables Fcr by Northland Power

3) Orsted’s $683.62m acquisition of Brookfield Renewable Ireland

4) The $550m venture financing of Polestar Performance by I Cube Capital, Zibo Financial Holding and Zibo Hightech Industrial Investment

5) Alecta Pensionsforsakring Omsesidigt’s acquisition of 20% stake in Stena Renewable for $183.26m.

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