Total power industry deals worth $12.3bn were announced globally for September 2022, with the $1.68bn Hitachi’s $1.68bn acquisition deal for 19.9% stake in Hitachi Energy being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked a decrease of 36.6% over the previous month of $19.37bn and a drop of 43.4% when compared with the last 12-month average of $21.69bn.

In terms of number of deals, the sector saw a drop of 4.56% with 230 deals in September 2022 when compared to the last 12-month average of 241 deals.

In value terms, Europe led the activity with deals worth $4.83bn in September 2022.

Power industry deals in September 2022: Top deals

The top five deals accounted for 50.8% of the overall value during September 2022.

The combined value of the top five deals stood at $6.24bn, against the overall value of $12.3bn recorded for the month.

The top five power industry deals of September 2022 tracked by GlobalData were:

1) Hitachi’s $1.68bn acquisition deal for 19.9% stake in Hitachi Energy

2) The $1.47bn acquisition of Sembcorp Energy India by Tanweer Infrastructure

3) Bears Bidco’s $1.39bn private equity deal with Biffa

4) The $1bn acquisition of Scout Clean Energy by Brookfield Renewable

5) Energy Infrastructure Partners’s $705.01m asset transaction deal for 49% stake in Iberdrola