Total power industry deals worth $6.7bn were announced globally for March 2022, with the $1.28bn private equity deal with Reden Solar being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked a decrease of 25.1% over the previous month of $8.98bn and a drop of 59.3% when compared with the last 12-month average of $16.53bn.

In terms of number of deals, the sector saw a rise of 3.57% with 145 deals in March 2022 when compared to the last 12-month average of 140 deals.

In value terms, Europe led the activity with deals worth $2.92bn in March 2022.

power industry deals in March 2022: Top deals

The top five deals accounted for 55.1% of the overall value during March 2022.

The combined value of the top five deals stood at $3.71bn, against the overall value of $6.7bn recorded for the month.

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

1) British Columbia Investment Management,Macquarie Asset Management Holding and MEAG Munich Ergo AssetManagement $1.28bn private equity deal for 47% stake in Reden Solar

2) The $1.14bn private equity of 50% stake in Fortum Oslo Varme by Hafslund Eco,HitecVision and Infranode

3) Ares Management $600m private equity deal with SB Energy Holdings

4) The $440m acquisition of 33.33% stake Star Energy Group Holdings Pte. by Green Era

5) Brookfield Global Transition Fund I $240.38m private equity deal with Entropy