Power industry M&A deals in November 2020 total $1.74bn in US

21 December 2020 (Last Updated December 21st, 2020 04:35)

Power industry M&A deals in November 2020 total $1.74bn in US

Total power industry M&A deals in November 2020 worth $1.74bn were announced in the US, according to GlobalData’s deals database.

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The value marked a decrease of 81.3% over the previous month and a drop of 46.5% when compared with the last 12-month average of $3.26bn.

The US held a 28.6% share of the global power industry M&A deal value that totalled $6.1bn in November 2020.

In terms of deal activity, the US recorded 23 deals during November 2020, marking a decrease of 28.1% over the previous month and a drop of 8% over the 12-month average.

The US power industry M&A deals in November 2020: Top deals

The top five power industry M&A deals accounted for 99.9% of the overall value during November 2020.

The combined value of the top five power M&A deals stood at $1.74bn, against the overall value of $1.74bn recorded for the month.

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

1) KKR &Inc and Nextera Energy Partners’ $1.3bn asset transaction with NextEra Energy Resources

2) The $216.1m asset transaction with Centaurus Renewable Energy by Boralex

3) Clearway Energy’s $202m asset transaction with NRG Energy

4) The $19.86m acquisition of Principle Power by Aker Solutions

5) Renesola’s asset transaction with Nova Development Management for $3.8m.

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.

 

Visit our ‘Power Deals Dashboard’ for the latest trends in M&A, PE, and VC activity, top deals and advisory league tables in the power industry.