Total power industry M&A deals worth $938.08m were announced in Asia-Pacific in February 2021, led by China Huadian’s $437.21m acquisition of Huadian Ningxia Lingwu Power GenerationLimited, according to GlobalData’s deals database.

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The value marked a decrease of 67.5% over the previous month of $2.89bn and a drop of 47.9% when compared with the last 12-month average of $1.8bn.

Asia-Pacific held a 15.45% share of the global power industry M&A deal value that totalled $6.07bn in February 2021. With a 13.79% share and deals worth $837.02m, China was the top country in Asia-Pacific’s M&A deal value across power industry.

In terms of M&A deal activity, Asia-Pacific recorded 23 deals during February 2021, marking an increase of 9.52% over the previous month and a drop of 20.69% over the 12-month average. China recorded seven deals during the month.

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

The top five power industry M&A deals accounted for 97.6% of the overall value during February 2021.

The combined value of the top five power deals stood at $915.83m, against the overall value of $938.08m recorded for the month.

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

1) China Huadian’s $437.21m acquisition of Huadian Ningxia Lingwu Power GenerationLimited

2) The $193.58m acquisition of Ningxia Huadian Heating by China Huadian

3) China Nuclear Power’s $137.7m acquisition of Sanmen Nuclear Power

4) The $100.87m acquisition of Manila WaterInc by Trident WaterHoldings Inc

5) Beijing United Rongbang New Energy Technology and Inner Mongolia Xingbang United New Energy’s asset transaction with Inner Mongolia Weiheng Industry and Trade and Zhongming Capital Holdings Group for $46.47m.