Mergers and acquisitions (M&As) in the power industry were led by GD Power Development’s $6.1bn acquisition of an 11% stake in Guoneng Dadu River Basin Hydropower Development, according to GlobalData’s deals database. 

This value marked a decrease of 27.9% over the previous quarter, which saw $42.5bn of M&A value and a drop of 29.6% when compared with the last four-quarter average, which stood at $43.5bn. 

Comparing M&A deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $14.4bn. At the country level, China topped the list in terms of deal value at $8bn. In terms of volumes, Europe emerged as the top region for power industry M&A deals globally, followed by North America and then Asia-Pacific. 

The top country in terms of M&A deals activity in Q3 2022 was the US with 119 deals, followed by the UK with 32 and Germany with 28. At the end of the third quarter of 2022, M&A deals worth $100.1bn were announced globally in power industry, marking a decrease of 33.4% year on year.

The top five M&A deals in power industry accounted for 33.4% of the overall value during Q3 2022. The combined value of the top deals stood at $11.9bn, against the overall value of $30.7bn recorded for the quarter. 

The top five power industry power deals of Q3 2022 tracked by GlobalData were:

1. GD Power Development’s $6.1bn acquisition deal for an 11% stake in Guoneng Dadu River Basin Hydropower Development
2. The $1.7bn acquisition of a 19.9% stake in Hitachi Energy by Hitachi
3. Tanweer Infrastructure’s $1.5bn acquisition deal with Sembcorp Energy India
4. The $1.3bn asset transaction of Mytrah Energy India by JSW Neo Energy
5. NTPC Green Energy’s $1.3bn asset transaction deal with NTPC