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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.

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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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