Total Power industry deals worth $20.3bn were announced globally for June 2022, with the $12.5bn acquisition of Adani New Industries being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked an increase of 18% over the previous month of $17.2bn and a rise of 28.9% when compared with the last 12-month average of $15.74bn.
In terms of number of deals, the sector saw a rise of 19.87% with 181 deals in June 2022 when compared to the last 12-month average of 151 deals.
In value terms, Asia-Pacific led the activity with deals worth $13.25bn in June 2022.
Power industry deals in June 2022: Top deals
The top five deals accounted for 74.1% of the overall value during June 2022.
The combined value of the top five deals stood at $15.04bn, against the overall value of $20.3bn recorded for the month.
The top five Power industry deals of June 2022 tracked by GlobalData were:
1) Total Energies $12.5bn acquisition deal for 25% stake in Adani New Industries
2) The $969.18m private equity of 25% stake in Repsol Renovables SLU by Credit Agricole Assurances and Energy Infrastructure Partners
3) Climate Adaptive Infrastructure, TPG Rise Climate and Trilantic Capital Management $750m private equity deal with Intersect Power
4) The $418.72m acquisition of Triton Power by Equinor and SSE Thermal
5) Gulf Pacific Power and Harbert Infrastructure Fund VI (“HIF VI”) $400m acquisition deal with DE Shaw Renewable Investments