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  1. Deals Analysis
May 26, 2021

Power industry M&A deals total $8.7bn globally in April 2021

By Baghmar P

Total power industry M&A deals worth $8.7bn were announced globally 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 61.7% over the previous month of $22.82bn and a drop of 37.1% when compared with the last 12-month average, which stood at $13.88bn.

Comparing M&A deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $3.96bn. At the country level, the US topped the list in terms of deal value at $2.07bn.

In terms of volumes, North America emerged as the top region for power industry M&A deals globally, followed by Europe and then Asia-Pacific.

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The top country in terms of M&A deals activity in April 2021 was the US with 31 deals, followed by the Canada with eight and China with eight.

In 2021, as of April, power M&A deals worth $47.72bn were announced globally, marking an increase of 53.6% year on year.

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

The top five M&A deals accounted for 64.9% of the overall value during April 2021.

The combined value of the top five power M&A deals stood at $5.67bn, against the overall value of $8.7bn 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 for 50% stake with Orsted

2) The $1.36bn asset transaction with Cedae (Statefor Water and Sewage of Rio de Janeiro) by Igua Saneamento

3) Northland Power’s $1.26bn asset transaction with Helia Renovables Fcr

4) The $733m asset transaction with Brookfield Renewable Partners by Nextera Energy Partners

5) Orsted’s acquisition of Brookfield Renewable Ireland for $683.62m.

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