Analysis of the key themes driving M&A activity reveals that renewable energy accounted for 271 power deals announced in Q2 2024, worth a total value of $16.1bn. The $3.4bn majority acquisition of Terna Energy by Abu Dhabi Future Energy was the industry’s largest disclosed deal. GlobalData’s Power Industry Mergers and Acquisitions Deals report for Q2 2024 uncovers key trends behind the power market M&A deals and helps gain a comprehensive understanding of the disruptive themes driving most notable to deals. Buy the report here.
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In value terms, renewable energy-related deal activity decreased by 43% in Q2 2024 compared with the previous quarter’s total of $28.1bn and fell by 34% as compared to Q2 2023. Related deal volume decreased by 9% in Q2 2024 versus the previous quarter and was 16% lower than in Q2 2023.
The top-ranked financial advisors supporting these M&A deals in H1 2024 were Lazard; Rothschild & Co; KPMG International Coop with 6, 6, 4 deals respectively.
The top-ranked legal advisors supporting these M&A deals in H1 2024 were CMS Legal Services EEIG; Vinson & Elkins; Dentons UK and Middle East with 11, 10, 7 deals respectively.
For further understanding of GlobalData's Power Industry Mergers and Acquisitions Deals by Top Themes in Q2 2024 – Thematic Intelligence, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Acquisition, Asset transactions and Mergers.
