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  1. Deals Analysis
February 18, 2021

Power industry M&A deals total $6.42bn globally in January 2021

By Baghmar P

Total power industry M&A deals worth $6.42bn were announced globally in January 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 59% over the previous month of $15.64bn and a drop of 43% when compared with the last 12-month average, which stood at $11.26bn.

Comparing M&A deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $2.79bn. At the country level, the US topped the list in terms of deal value at $2.29bn.

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 January 2021 was the US with 36 deals, followed by the UK with eight and Spain with eight.

In 2021, as of January, power M&A deals worth $6.42bn were announced globally, marking an increase of 51.2% year on year.

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

The top five M&A deals accounted for 81.5% of the overall value during January 2021.

The combined value of the top five power M&A deals stood at $5.23bn, against the overall value of $6.42bn recorded for the month.

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

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

2) The $1.6bn merger of ArcLight Clean Transition and Proterra by

3) Aker Horizons’ $814.88m acquisition of Mainstream Renewable Power

4) The $537.94m acquisition of SUEZ NWS by SUEZ (Asia)

5) Renewable Power Capital’s asset transaction with OX2 for $301.68m.

Related Companies

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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