Total Power industry deals worth $13.5bn were announced globally for May 2022, with the Siemens Energy $4.64bn acquisition deal for 32.9% stake in Siemens Gamesa Renewable Energy being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked an increase of 36.6% over the previous month of $9.89bn and a drop of 7.4% when compared with the last 12-month average of $14.59bn.
In terms of number of deals, the sector saw a flat growth with 146 deals in May 2022 when compared to the last 12-month average of 146 deals.
In value terms, Europe led the activity with deals worth $7.39bn in May 2022.
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By GlobalDataPower industry deals in May 2022: Top deals
The top five deals accounted for 81.4% of the overall value during May 2022.
The combined value of the top five deals stood at $10.99bn, against the overall value of $13.5bn recorded for the month.
The top five Power industry deals of May 2022 tracked by GlobalData were:
1) Siemens Energy $4.64bn acquisition deal for 32.9% stake in Siemens Gamesa Renewable Energy
2) The $2.18bn acquisition of ContourGlobal by Cretaceous Bidco
3) TotalEnergies $1.6bn acquisition deal for 50% stake in Clearway Energy Group
4) The $1.45bn acquisition of 40% stake in Eurus Energy by Toyota Tsusho
5) Beijing Guanghe Confluence New Energy Technology Enterprise,China Life Insurance,CITIC Securities,Guohua Military and Civil Integration Industrial Development Fund Management,Sichuan Energy Investment Development,Zheneng Electric Power and Zhuhai Deqing Hengda Investment Partnership No 3 $1.12bn private equity deal with China National Nuclear Huineng