Total power industry cross border deals worth $6.4bn were announced globally for September 2022, with the Hitachi’s $1.68bn acquisition deal for 19.9% stake in Hitachi Energy being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked an increase of 7.4% over the previous month of $5.95bn and a drop of 43% when compared with the last 12-month average of $11.21bn.
In terms of number of cross border deals, the sector saw a drop of 22.94% with 84 deals in September 2022 when compared to the last 12-month average of 109 deals.
In value terms, Europe led the activity with cross border deals worth $3.19bn in September 2022.
Power industry cross border deals in September 2022: Top deals
The top five cross border deals accounted for 68.5% of the overall value during September 2022.
The combined value of the top five cross border deals stood at $4.37bn, against the overall value of $6.4bn recorded for the month.
The top five power industry cross border deals of September 2022 tracked by GlobalData were:
1) Hitachi’s $1.68bn acquisition deal for 19.9% stake in Hitachi Energy
2) The $1bn acquisition of Scout Clean Energy by Brookfield Renewable
3) Energy Infrastructure Partners’s $705.01m asset transaction deal for 49% stake in Iberdrola
4) The $540m acquisition of Standard Solar by Brookfield Renewable
5) Hero Group and KKR Asia Pacific Infrastructure Fund’s $450m private equity deal with Hero Future Energies