Total Power industry cross border deals worth $9.2bn were announced globally for May 2022, with the Siemens Energy $4.64bn acquisition of 32.9% stake in Siemens Gamesa Renewable Energy being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked an increase of 36.9% over the previous month of $6.72bn and a rise of 32.6% when compared with the last 12-month average of $6.94bn.

In terms of number of cross border deals, the sector saw a drop of 2.13% with 46 deals in May 2022 when compared to the last 12-month average of 47 deals.

In value terms, Europe led the activity with cross border deals worth $7.36bn in May 2022.

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Power industry cross border deals in May 2022: Top deals

The top five cross border deals accounted for 94.9% of the overall value during May 2022.

The combined value of the top five cross border deals stood at $8.73bn, against the overall value of $9.2bn recorded for the month.

The top five Power industry cross border deals of May 2022 tracked by GlobalData were:

1) Siemens Energy $4.64bn acquisition deal for 32.9% stake in Siemens Gamesa Renewable Energy

2) The $2.18bn acquisition of ContourGlobal by Cretaceous Bidco

3) TotalEnergies $1.6bn acquisition deal for 50% stake in Clearway Energy Group

4) The $157.53m private equity of Power Dot by Antin Infrastructure Partners

5) Bill Gates,Impresa Management,Khosla Ventures,Lightrock,Lineage Ventures and Princeville Capital $150m venture financing deal with Mainspring Energy