Total power industry M&A deals worth $2bn were announced in the US in January 2022, with Brookfield Renewable’s $650m acquisition of Urban Grid Solar being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked an increase of 21% over the previous month of $1.62bn and a rise of 27.3% when compared with the last 12-month average of $1.54bn.

The US held a 48.76% share of the global power industry M&A deal value that totalled $4.02bn in January 2022.

In terms of M&A deal activity, the US recorded 28 deals during January 2022, marking an increase of 21.74% over the previous month and a rise of 64.71% over the 12-month average.

US power industry M&A deals in January 2022: Top deals

The top five power industry M&A deals accounted for 99.2% of the overall value during January 2022.

The combined value of the top five power M&A deals stood at $1.95bn, against the overall value of $2bn recorded for the month.

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

1) Brookfield Renewable $650m acquisition deal with Urban Grid Solar

2) The $608m acquisition of New York American WaterInc by Liberty Utilities (Eastern Water Holdings)

3) Eaton Corporation $600m acquisition deal with Royal Power Solutions

4) The $63m acquisition of Solar Innovations by Fortune Brands Home & Security

5) Novonix $25m acquisition deal with KORE Power