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  1. Deals Analysis
February 18, 2021

Power industry M&A deals total $1.34bn in Europe in January 2021

By Baghmar P

Total power industry M&A deals worth $1.34bn were announced in Europe in January 2021, led by Aker Horizons’ $814.88m acquisition of Mainstream Renewable Power, according to GlobalData’s deals database.

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The value marked a decrease of 73.2% over the previous month of $5bn and a drop of 69.5% when compared with the last 12-month average of $4.39bn.

Europe held a 20.87% share of the global power industry M&A deal value that totalled $6.42bn in January 2021. With a 12.69% share and deals worth $814.88m, Ireland was the top country in Europe’s M&A deal value across power industry.

In terms of M&A deal activity, Europe recorded 48 deals during January 2021, marking a decrease of 21.31% over the previous month and a rise of 9.09% over the 12-month average. The UK recorded eight deals during the month.

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Europe power industry M&A deals in January 2021: Top deals

The top five power industry M&A deals accounted for 99% of the overall value during January 2021.

The combined value of the top five power deals stood at $1.32bn, against the overall value of $1.34bn recorded for the month.

The top five power industry M&A deals of January 2021 tracked by GlobalData were:

1) Aker Horizons’ $814.88m acquisition of Mainstream Renewable Power

2) The $301.68m asset transaction with OX2 by Renewable Power Capital

3) Bluefield Solar Income Fund’s $120.88m asset for acquisition of Bradenstoke Solar Park in Wiltshire, UK

4) The $68.2m acquisition of Audax Renovables by Confecciones Mayoral

5) Foresight Solar Fund’s asset transaction to acquire Solar Assets in Andalusia, Spain for $18.3m.

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