Total power industry deals for Q4 2020 worth $80.89bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 112.7% over the previous quarter and a rise of 144.8% when compared with the last four-quarter average of $33.06bn.

In terms of number of deals, the sector saw a rise of 15.02% over the last four-quarter average with 536 deals against the average of 466 deals.

In value terms, Europe led the activity with deals worth $47bn.

Power industry deals in Q4 2020: Top deals

The top five power deals accounted for 54.4% of the overall value during Q4 2020.

The combined value of the top five power deals stood at $44.01bn, against the overall value of $80.89bn recorded for the quarter.

The top five power industry deals of Q4 2020 tracked by GlobalData were:

1) Veolia Environnement’s $21.95bn acquisition of Suez

2) The $8.3bn acquisition of PNM Resources by Avangrid

3) The $4.89bn merger of Enel Green Power and Enel Americas

4) The $4.88bn acquisition of Compania General de Electricidad by State Grid International Development

5) Veolia Environnement’s acquisition of Suez for $3.98bn.

Verdict deals analysis methodology

This analysis considers only announced and completed 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.