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Power industry M&A deals total $6.38bn in Asia-Pacific in Q1 2021

04 May 2021 (Last Updated May 4th, 2021 14:35)

Total power industry M&A deals worth $6.38bn were announced in Asia-Pacific in Q1 2021, led by Total’s $1.98bn acquisition of Adani Green Energy, according to GlobalData’s deals database.

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The value marked a decrease of 11.6% over the previous quarter and a rise of 12.3% when compared with the last four-quarter average of $5.68bn.

Asia-Pacific held a 16.93% share of the global power industry M&A deal value that totalled $37.68bn in Q1 2021. With a 9.00% share and deals worth $3.39bn, India was the top country in Asia-Pacific’s M&A deal value across power industry.

In terms of deal activity, Asia-Pacific recorded 93 deals during Q1 2021, marking a decrease of 15.45% over the previous quarter and a rise of 6.59% over the last four-quarter average. China recorded 25 deals during the quarter.

Asia-Pacific power industry M&A deals in Q1 2021: Top deals

The top five power industry M&A deals accounted for 63.8% of the overall value during Q1 2021.

The combined value of the top five M&A deals stood at $4.07bn, against the overall value of $6.38bn recorded for the quarter.

The top five power industry deals of Q1 2021 tracked by GlobalData were:

1) Total’s $1.98bn acquisition of Adani Green Energy

2) The $635.01m acquisition of NER-II Transmission by India Grid Trust

3) SUEZ (Asia)’s $537.94m acquisition of SUEZ NWS

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

5) PMR Group Retirement Plan’s asset transaction with AC Energy for $453m.

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.