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  1. Deals Analysis
November 30, 2021

Power industry M&A deals total $9.3bn globally in October 2021

By Baghmar P

Total power industry M&A deals worth $9.3bn were announced globally in October 2021, led by Liberty Utilities’ $2.85bn acquisition of AEP Transmission Co and Kentucky Power, according to GlobalData’s deals database.

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The value marked a decrease of 47.8% over the previous month of $17.81bn and a drop of 8.1% when compared with the last 12-month average, which stood at $10.11bn.

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 $3.7bn. At the country level, the US topped the list in terms of deal value at $3.7bn.

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 October 2021 was the US with 15 deals, followed by the India with four and Spain with three.

In 2021, as of October, power M&A deals worth $102.37bn were announced globally, marking an increase of 66.3% year on year.

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

The top five M&A deals accounted for 78.8% of the overall value during October 2021.

The combined value of the top five power M&A deals stood at $7.32bn, against the overall value of $9.3bn recorded for the month.

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

1) Liberty Utilities $2.85bn acquisition deal with AEP Transmission Co and Kentucky Power

2) The $1.8bn acquisition of Japan Renewable Energy by ENEOS Holdings

3) Equatorial Energia $1.18bn acquisition deal with Echoenergia Participacoes

4) The $771m acquisition of REC Solar Holdings by Reliance Industries

5) Vortex Energy Group $727.5m acquisition deal with Ignis Energy Holdings

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