Power industry M&A deals in Q3 2020 total $1.05bn in UK

18 November 2020 (Last Updated November 18th, 2020 19:54)

Power industry M&A deals in Q3 2020 total $1.05bn in UK

Total power industry M&A deals in Q3 2020 worth $1.05bn were announced in the UK, according to GlobalData’s deals database.

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The value marked a decrease of 33.01% over the previous quarter and a drop of 25.2% when compared with the last four-quarter average of $1.4bn.

The UK held a 4.5% share of the global power industry M&A deal value that totalled $23.33bn in Q3 2020.

In terms of deal activity, the UK recorded 22 deals during Q3 2020, marking a rise of 10% over the previous quarter and a drop of 12% over the last four-quarter average.

The UK power industry M&A deals in Q3 2020: Top deals

The top five power industry M&A deals accounted for 91.4% of the overall value during Q3 2020.

The combined value of the top five power M&A deals stood at $956.32m, against the overall value of $1.05bn recorded for the month.

The top five power industry deals of Q3 2020 tracked by GlobalData were:

1) Greencoat UK Wind’s $467.12m asset transaction with SSE

2) The $257.9m acquisition of Green Project by iCON Infrastructure Partners

3) Bluefield Solar Income Fund’s $140.66m asset transaction with

4) The $65.55m asset transaction with Electric Vehicle Network by SDCL Energy Efficiency Income Trust

5) Gresham House Energy Storage Fund’s asset transaction with Arenko Cleantech for $25.09m.

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.