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  1. Deals Analysis
May 26, 2021

Power industry M&A deals total $4bn in Europe in April 2021

By Baghmar P

Total power industry M&A deals worth $4bn were announced in Europe in April 2021, led by Norges Bank Investment Management (NBIM)’s $1.63bn asset transaction with Orsted, according to GlobalData’s deals database.

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The value marked a decrease of 72.7% over the previous month of $14.48bn and a drop of 34.8% when compared with the last 12-month average of $6.07bn.

Europe held a 45.36% share of the global power industry M&A deal value that totalled $8.73bn in April 2021. With an 18.67% share and deals worth $1.63bn, The Netherlands was the top country in Europe’s M&A deal value across power industry.

In terms of M&A deal activity, Europe recorded 33 deals during April 2021, marking a decrease of 52.17% over the previous month and a drop of 35.29% over the 12-month average. Sweden recorded seven deals during the month.

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

The top five power industry M&A deals accounted for 97.7% of the overall value during April 2021.

The combined value of the top five power deals stood at $3.87bn, against the overall value of $4bn recorded for the month.

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

1) Norges Bank Investment Management (NBIM)’s $1.63bn asset transaction with Orsted

2) The $1.26bn asset transaction with Helia Renovables Fcr by Northland Power

3) Orsted’s $683.62m acquisition of Brookfield Renewable Ireland

4) The $183.26m acquisition of 20% stake in Stena Renewable by Alecta Pensionsforsakring Omsesidigt

5) Cox Energy America’s acquisition of 40% stake in Ibox Energy for $112.83m.

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