Total power industry cross border deals worth $15.5bn were announced globally for October 2022, with Brookfield Renewable Partners and Cameco’s $7.88bn acquisition deal with Westinghouse Electric Co being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked an increase of 142.9% over the previous month of $6.39bn and a rise of 53.8% when compared with the last 12-month average of $10.09bn.

In terms of number of cross border deals, the sector saw a drop of 41.82% with 64 deals in October 2022 when compared to the last 12-month average of 110 deals.

In value terms, North America led the activity with cross border deals worth $14.35bn in October 2022.

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Power industry cross border deals in October 2022: Top deals

The top five cross border deals accounted for 87.1% of the overall value during October 2022.

The combined value of the top five cross border deals stood at $13.52bn, against the overall value of $15.5bn recorded for the month.

The top five power industry cross border deals of October 2022 tracked by GlobalData were:

1) Brookfield Renewable Partners and Cameco’s $7.88bn acquisition deal with Westinghouse Electric Co

2) The $4.1bn acquisition of Archaea Energy by BP

3) The $619.72m merger deal with Alternus Energy Group and Clean Earth Acquisitions

4) The $473.9m private equity of Shizen Energy by Caisse de depot et placement du Quebec

5) ArcelorMittal, Breakthrough Energy Ventures, Canada Pension Plan Investment Board, Capricorn Investment Group, Coatue, Energy Impact Partners, GIC, NGP ETP, Prelude Ventures, Temasek Holdings (Private), The Engine Group, TPG Rise Climate and Vamos Ventures’s $450m venture financing deal with Form Energy