Total power industry cross border deals worth $5.9bn were announced globally for April 2021, with the $1.63bn asset transaction with Orsted being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked an increase of 63% over the previous month of $3.59bn and a rise of 0.2% when compared with the last 12-month average of $5.84bn.
In terms of number of cross border deals, the sector saw a drop of 18.97% with 47 deals in April 2021 when compared to the last 12-month average of 58 deals.
In value terms, Europe led the activity with cross border deals worth $4.46bn in April 2021.
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By GlobalDataPower industry cross border deals in April 2021: Top deals
The top five cross border deals accounted for 83% of the overall value during April 2021.
The combined value of the top five cross border deals stood at $4.86bn, against the overall value of $5.9bn recorded for the month.
The top five power industry cross border deals of April 2021 tracked by GlobalData were:
1) Norges Bank Investment Management (NBIM)’s $1.63bn asset transaction with Orsted
2) The $1.26bn asset transaction with Helia Renovables Fcr by Northland Power
3) Nextera Energy Partners‘ $733m asset transaction with Brookfield Renewable Partners
4) The $683.62m acquisition deal of Brookfield Renewable Ireland by Orsted
5) I Cube Capital, Zibo Financial Holding and Zibo Hightech Industrial Investment’s venture financing deal with Polestar Performance for $550m.