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  1. Deals Analysis
April 21, 2022

Power industry M&A deals total $2bn globally in March 2022

By Nikitha Ladda

Total power industry M&A deals worth $2bn were announced globally in March 2022, led by Green Era’s $440m acquisition of 33.3% stake in Star Energy Group Holdings Pte., according to GlobalData’s deals database.

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The value marked a decrease of 63.9% over the previous month of $5.62bn and a drop of 78.1% when compared with the last 12-month average, which stood at $9.26bn.

Comparing M&A deals value in different regions of the globe, South and Central America held the top position, with total announced deals in the period worth $1bn. At the country level, the Chile topped the list in terms of deal value at $1000m.

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 March 2022 was the US with 16 deals, followed by the China with six and the UK with five.

In 2022, as of March, power M&A deals worth $11.67bn were announced globally, marking an increase of 79.9% year on year.

power industry M&A deals in March 2022: Top deals

The top five M&A deals accounted for 42.8% of the overall value during March 2022.

The combined value of the top five power M&A deals stood at $868.76m, against the overall value of $2bn recorded for the month.

The top five power industry M&A deals of March 2022 tracked by GlobalData were:

1) Green Era $440m acquisition deal for 33.3% stake in Star Energy Group Holdings Pte.

2) The $165.5m acquisition of New Energy Equity by ALLETE

3) Cloud Alpha,Keppel and Keppel Asia Infrastructure Fund $115m acquisition deal for 50% stake in Cleantech Energy Corp

4) The $104.26m acquisition of 32% stake in Al Shuqaiq Water and Electricity by Aljomaih Energy & Water

5) Hanwha Solutions $44m acquisition for 4.67% stake with REC Silicon

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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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