DEALS ANALYSIS
Deals activity: South and Central America sees significant decrease in volume; solar PV remains leading sector
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Deals activity by geography
Power industry deals, as captured by GlobalData’s Power Intelligence Centre, are down year-on-year (YoY) across all regions.
North America is leading in terms of deal value, but also recorded a decrease in YoY growth in deals volume at -4%. South and Central America, ranking last in terms of deal value, has also suffered the biggest YoY change, with deal volumes at -35%.
The volume of deals recorded by GlobalData also decreased YoY in Middle East and Africa (-26%), Asia-Pacific (-8%), and Europe (-1%).
Deals activity by type
| Deal type | Total deal value (US$m) | Total deal count | YoY change (volume) |
| Asset Transaction | 7348457 | 32787 | 9 |
| Debt Offering | 4228055 | 13134 | 28 |
| Acquisition | 2856498 | 12580 | 7 |
| Equity Offering | 1463096 | 7408 | 18 |
| Partnership | 108581 | 5907 | -41 |
| Venture Financing | 65312 | 4663 | 37 |
| Private Equity | 450947 | 2386 | 50 |
| Merger | 283229 | 414 | -84 |
A breakdown of deals by type and volume shows mixed results; while mergers are down -84% and partnerships down -41%, asset transactions are up 9% and acquisitions' have seen 7% growth. Financing deals have seen more positive results, with venture financing up 37% YoY, private equity up 50%, equity offerings up 18%, and debt offerings saw growth of 28%.
Deals activity by sector
So early in the year, it is hard to draw notable conclusions from GlobalData’s analysis of power industry deals by sector. However, solar PV remains the leading sector by deals volume, following several strong years of growth. Fossil fuels has fallen firmly to the lowest number of deals, sitting at 35.
Note: All numbers as of 01 March 2021. Deals captured by GlobalData cover M&As, strategic alliances, various types of financing and contract service agreements.
For more insight and data, visit GlobalData's Power Intelligence Centre.
Latest deals in brief
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Italian energy giant Eni has agreed to acquire three solar photovoltaic projects in Spain from renewable developer X–Elio.
Alternus Energy announces acquisition of KKSOL and solar plant in Italy
Alternus Energy Group has announced its acquisition of solar operator KKSOL and its 557kW-peak rooftop photovoltaic solar plant in Acona, Italy.
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