Power industry M&A deals total $2.29bn in US in January 2021

22 February 2021 (Last Updated February 22nd, 2021 18:09)

Total power industry M&A deals worth $2.29bn were announced in the US in January 2021, with $1.6bn merger of ArcLight Clean Transition and Proterra being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked a decrease of 59.3% over the previous month of $5.62bn and a drop of 41.3% when compared with the last 12-month average of $3.9bn.

The US held a 35.67% share of the global power industry M&A deal value that totalled $6.42bn in January 2021.

In terms of M&A deal activity, the US recorded 36 deals during January 2021, marking a decrease of 23.40% over the previous month and a rise of 24.14% over the 12-month average.

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

The top five power industry M&A deals accounted for 94% of the overall value during January 2021.

The combined value of the top five power M&A deals stood at $2.16bn, against the overall value of $2.29bn recorded for the month.

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

1) The $1.6bn merger of ArcLight Clean Transition and Proterra

2) The $220m acquisition of TerraSmart by Gibraltar Industries

3) Greencoat Capital’ $160m asset transaction with RWE.

4) The $119m asset transaction with C2 Energy Capital by EDP Renewables North America

5) Naturgy Energy Group’s acquisition of Hamel Renewables for $57m.

Visit our ‘Power Deals Dashboard’ for the latest trends in M&A, PE, and VC activity, top deals and advisory league tables in the power industry.