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  1. Deals Analysis
May 20, 2021

Power industry cross border M&A deals total $5bn globally in April 2021

By Baghmar P

Total power industry cross border M&A deals worth $5bn were announced globally in April 2021, led by Norges Bank Investment Management (NBIM)’s $1.63bn asset transaction with Orsted, according to GlobalData’s deals database.

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The value marked an increase of 46.5% over the previous month of $3.38bn and a rise of 14.3% when compared with the last 12-month average, which stood at $4.33bn.

Comparing cross border M&A deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $3.74bn. At the country level, the The Netherlands topped the list in terms of deal value at $1.63bn.

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.

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

In 2021, as of April, power cross border M&A deals worth $17.4bn were announced globally, marking an increase of 70.5% year on year.

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

The top five cross border M&A deals accounted for 95% of the overall value during April 2021.

The combined value of the top five power cross border M&A deals stood at $4.7bn, against the overall value of $5bn recorded for the month.

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

1) Norges Bank Investment Management (NBIM)’s $1.63bn asset transaction with Orsted

2) The $1.26bn asset transaction with Helia Renovables Fcr by Northland Power

3) Nextera Energy Partners’ $733m asset transaction with Brookfield Renewable Partners

4) The $683.62m acquisition of Brookfield Renewable Ireland by Orsted

5) Greencoat Capital’s asset transaction with EDP Renovaveis for $396m.

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Verdict deals analysis methodology

This analysis considers only announced and completed cross border deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.

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