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  1. Deals Analysis
February 24, 2021

Power industry cross border M&A deals total $3.38bn globally in January 2021

By Baghmar P

Total power industry cross border M&A deals worth $3.38bn were announced globally in January 2021, led by Total’s $1.98bn acquisition of Adani Green Energy, according to GlobalData’s deals database.

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The value marked a decrease of 66.8% over the previous month of $10.17bn and a drop of 7.1% when compared with the last 12-month average, which stood at $3.64bn.

Comparing cross border M&A deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $1.98bn. At the country level, the India topped the list in terms of deal value at $1.98bn.

In terms of volumes, Europe emerged as the top region for power industry cross border M&A deals globally, followed by North America and then Asia-Pacific.

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The top country in terms of cross border M&A deals activity in January 2021 was Spain with five deals, followed by the US with four and The Netherlands with four.

In 2021, as of January, power cross border M&A deals worth $3.38bn were announced globally, marking an increase of 27.7% year on year.

power industry cross border M&A deals in January 2021: Top deals

The top five cross border M&A deals accounted for 98.1% of the overall value during January 2021.

The combined value of the top five power cross border M&A deals stood at $3.31bn, against the overall value of $3.38bn recorded for the month.

The top five power industry cross border M&A deals of January 2021 tracked by GlobalData were:

1) Total’s $1.98bn acquisition of Adani Green Energy

2) The $814.88m acquisition of Mainstream Renewable Power by Aker Horizons

3) Renewable Power Capital’s $301.68m asset transaction with OX2

4) The $160m asset transaction with RWE by Greencoat Capital

5) Naturgy Energy Group’s acquisition of Hamel Renewables for $57m.

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