Asia-Pacific’s power industry saw a rise of 2.86% in deal activity during March 2022, when compared with the last 12-month average, led by Green Era’s $440m acquisition of of 33.3% stake in Star Energy Group Holdings Pte., according to GlobalData’s deals database.

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A total of 36 power industry deals worth $1bn were announced for the region in March 2022, against the 12-month average of 35 deals.

Of all the deal types, M&A saw most activity in March 2022 with 17 transactions, representing a 47.2% share for the region.

In second place was venture financing with 16 deals, followed by private equity deals with three transactions, respectively capturing a 44.4% and 8.3% share of the overall deal activity for the month.

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In terms of value of deals, M&A was the leading category in Asia-Pacific’s power industry with $638.36m, while venture financing and private equity deals totalled $186.61m and $185.59m, respectively.

Asia-Pacific power industry deals in March 2022: Top deals

The top five power deals accounted for 88.4% of the overall value during March 2022.

The combined value of the top five power deals stood at $893.01m, against the overall value of $1bn recorded for the month.

The top five power industry deals of March 2022 tracked by GlobalData were:

1) Green Era $440m acquisition of 33.3% stake in Star Energy Group Holdings Pte.

2) The $153.09m venture financing of Sun Cable by Grok Ventures and Squadron Energy

3) Yingke PE $141.32m private equity deal with Wanxiang A123 System Asia

4) The $115m acquisition of 50% stake in Cleantech Energy Corp by Cloud Alpha,Keppel and Keppel Asia Infrastructure Fund

5) Leader Energy $43.6m acquisition of 49% stake in Clean Energy Vision Development Joint Stock