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  1. Deals Analysis
May 31, 2021

Power industry M&A deals total $2.1bn in US in April 2021

By Baghmar P

Total power industry M&A deals worth $2.1bn were announced in the US in April 2021, with Nextera Energy Partners’ $733m asset transaction with Brookfield Renewable Partners being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked a decrease of 55% over the previous month of $4.6bn and a drop of 47.7% when compared with the last 12-month average of $3.96bn.

The US held a 23.71% share of the global power industry M&A deal value that totalled $8.73bn in April 2021.

In terms of M&A deal activity, the US recorded 31 deals during April 2021, marking an increase of 10.71% over the previous month and a drop of 3.13% over the 12-month average.

US power industry M&A deals in April 2021: Top deals

The top five power industry M&A deals accounted for 93.5% of the overall value during April 2021.

The combined value of the top five power M&A deals stood at $1.94bn, against the overall value of $2.1bn recorded for the month.

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

1) Nextera Energy Partners’ $733m asset transaction with Brookfield Renewable Partners

2) The $396m asset transaction for 55% stake in EDP Renovaveis by Greencoat Capital

3) Allen Media Broadcasting’ $380m asset transaction with Gray Television and Quincy Media.

4) The $235m asset transaction with York City Sewer Authority by Pennsylvania American Water

5) Atlantica Sustainable Infrastructure’s asset transaction with OMERS Infrastructure Management for $195.5m.

Related Companies

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.

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