Total power industry deals worth $25.68bn were announced globally for March 2021, with the $10.85bn acquisition of Western Power Distribution being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked an increase of 138% over the previous month of $10.79bn and a rise of 69.4% when compared with the last 12-month average of $15.16bn.

In terms of number of deals, the sector saw a rise of 2.91% with 177 deals in March 2021 when compared to the last 12-month average of 172 deals.

In value terms, Europe led the activity with deals worth $17.89bn in March 2021.

Power industry deals in March 2021: Top deals

The top five deals accounted for 81.9% of the overall value during March 2021.

The combined value of the top five deals stood at $21.03bn, against the overall value of $25.68bn recorded for the month.

The top five power industry deals of March 2021 tracked by GlobalData were:

1) National Grid’s $10.85bn acquisition of Western Power Distribution

2) The $3.8bn acquisition of The Narragansett Electric by PPL

3) Albion Acquisitions’ $3.24bn private equity deal with Aggreko

4) The $2.19bn acquisition deal of Dutch Enviro Energy Holdings, Northumbrian Water, UK Power Networks and Wales & West Utilities by CK Asset Holdings

5) Partners Group’s asset transaction deal with Fortum for $956.33m.