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Power industry M&A deals total $2.39bn in Asia-Pacific in March 2021

28 Apr 2021 (Last Updated April 28th, 2021 14:35)

Total power industry M&A deals worth $2.39bn were announced in Asia-Pacific in March 2021, led by India Grid Trust’s $635.01m acquisition of NER-II Transmission, according to GlobalData’s deals database.

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The value marked an increase of 121.3% over the previous month of $1.08bn and a rise of 25.1% when compared with the last 12-month average of $1.91bn.

Asia-Pacific held an 11.11% share of the global power industry M&A deal value that totalled $21.52bn in March 2021. With a 5.39% share and deals worth $1.16bn, India was the top country in Asia-Pacific’s M&A deal value across power industry.

In terms of M&A deal activity, Asia-Pacific recorded 33 deals during March 2021, marking an increase of 3.13% over the previous month and a rise of 10.00% over the 12-month average. India recorded nine deals during the month.

Asia-Pacific power industry M&A deals in March 2021: Top deals

The top five power industry M&A deals accounted for 86.5% of the overall value during March 2021.

The combined value of the top five power deals stood at $2.06bn, against the overall value of $2.39bn recorded for the month.

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

1) India Grid Trust’s $635.01m acquisition of NER-II Transmission

2) The $463.38m asset transaction with Essel by Adani Transmission

3) PMR Group Retirement Plan’s $453m asset transaction with AC Energy

4) The $283m asset transaction with Canadian Solar by Canadian Solar Infrastructure Fund

5) Huadian Power International’s acquisition of Inner Mongolia Huadian Mengdong Energy and Tianjin Huadian Fuyuan Thermal Power for $229.93m.

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.