Power industry M&A deals in July 2020 total $15.75bn globally

3 September 2020 (Last Updated September 7th, 2020 14:01)

Power industry M&A deals in July 2020 total $15.75bn globally

Total power industry M&A deals in July 2020 worth $15.75bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 243.4% over the previous month and a rise of 101.4% when compared with the last 12-month average, which stood at $7.82bn.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $10.94bn. At the country level, the US topped the list in terms of deal value at $10.24bn.

In terms of volumes, Europe emerged as the top region for power industry M&A deals globally, followed by North America and then Asia-Pacific.

The top country in terms of M&A deals activity in July 2020 was the US with 22 deals, followed by the UK with eight and France with six.

In 2020, as of the end of July 2020, power M&A deals worth $49.28bn were announced globally, marking a decrease of 0.5% year on year.

Power industry M&A deals in July 2020: Top deals

The top five power industry M&A deals accounted for 80.8% of the overall value during July 2020.

The combined value of the top five power M&A deals stood at $12.73bn, against the overall value of $15.75bn recorded for the month.

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

1) NRG Energy’s $3.63bn acquisition of Direct Energy

2) The $3.2bn acquisition of Vivint Solar by Sunrun

3) Spartan Energy Acquisition’s $2.9bn acquisition of Fisker

4) The $2.31bn acquisition of Viesgo Infraestructuras Energeticas by EDP Renovaveis and Energias de Portugal

5) The Rise Fund’s asset transaction with Trina Solar for $700m.

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.