Total power industry cross border deals worth $3.68bn were announced globally for February 2021, with the $2.19bn asset transaction with Brookfield Infrastructure Partners being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked a decrease of 38.2% over the previous month of $5.95bn and a drop of 26.6% when compared with the last 12-month average of $5.01bn.
In terms of number of cross border deals, the sector saw a rise of 3.64% with 57 deals in February 2021 when compared to the last 12-month average of 55 deals.
In value terms, North America led the activity with cross border deals worth $3.07bn in February 2021.
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By GlobalDataPower industry cross border deals in February 2021: Top deals
The top five cross border deals accounted for 90.5% of the overall value during February 2021.
The combined value of the top five cross border deals stood at $3.33bn, against the overall value of $3.68bn recorded for the month.
The top five power industry cross border deals of February 2021 tracked by GlobalData were:
1) IFM Investors and Ontario Teachers’ Pension Plan’s $2.19bn asset transaction with Brookfield Infrastructure Partners
2) The $651.25m acquisition of Pinnacle Renewable Energy by Drax Group
3) Transmashholding and Wartsila’s $194.25m acquisition of Bergen Engines
4) The $177.41m asset transaction deal of PGE Polska Grupa Energetyczna by Orsted
5) Blackheath Resources’ asset transaction deal with Wolverine Energy and Infrastructure for $118.51m.