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  1. Deals Analysis
March 30, 2021

Power industry M&A deals total $6.07bn globally in February 2021

By Baghmar P

Total power industry M&A deals worth $6.07bn were announced globally in February 2021, led by IFM Investors and Ontario Teachers’ Pension Plan’s $2.19bn asset transaction with Brookfield Infrastructure Partners, according to GlobalData’s deals database.

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The value marked a decrease of 7.9% over the previous month of $6.59bn and a drop of 44.4% when compared with the last 12-month average, which stood at $10.91bn.

Comparing M&A deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $3.76bn. At the country level, the Canada topped the list in terms of deal value at $2.96bn.

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.

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The top country in terms of M&A deals activity in February 2021 was the US with 29 deals, followed by the UK with nine and Canada with eight.

In 2021, as of February, power M&A deals worth $12.66bn were announced globally, marking an increase of 36.2% year on year.

power industry M&A deals in February 2021: Top deals

The top five M&A deals accounted for 70.6% of the overall value during February 2021.

The combined value of the top five power M&A deals stood at $4.28bn, against the overall value of $6.07bn recorded for the month.

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

1) IFM Investors and Ontario Teachers’ Pension Plan’s $2.19bn asset transaction with Brookfield Infrastructure Partners

2) The $760m asset transaction with NRG Energy by ArcLight Capital Partners

3) Drax Group’s $651.25m acquisition of Pinnacle Renewable Energy

4) The $437.21m acquisition of Huadian Ningxia Lingwu Power GenerationLimited by China Huadian

5) A2A’s asset transaction with Octopus Renewables. for $248.44m.

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