DEALS ANALYSIS
Deals activity: Europe sees healthy growth in volume; sector rankings remain same as 2020
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Deals activity by geography
Power industry deals, as captured by GlobalData’s Power Intelligence Centre, are up year-on-year (YoY) across most regions.
North America is leading in terms of deal value, recording just a slight increase in YoY growth in deals volume at 3.31%. Deals also slightly increased in Asia-Pacific (3.05%) and saw a healthy bump in Europe (17.53%).
South and Central America, ranking last in terms of deal value, has also suffered the biggest YoY change, with deal volumes at -35.81%. The volume of deals recorded by GlobalData also decreased YoY in Middle East and Africa (-19.64%).
Deals activity by type
| Deal type | Total deal value (US$m) | Total deal count | YoY change (volume) |
| Asset Transaction | 7390648 | 33069 | 29.56 |
| Debt Offering | 4314742 | 13294 | 35.08 |
| Acquisition | 2900705 | 12757 | 36.62 |
| Equity Offering | 1485862 | 7562 | 28.32 |
| Partnership | 115248 | 5989 | 63.33 |
| Venture Financing | 67335 | 4780 | 150.96 |
| Private Equity | 478954 | 2431 | 102.45 |
| Merger | 284956 | 421 | -82.15 |
A breakdown of deals by type and volume shows largely positive results; while mergers are down -82.15%, asset transactions are up 29.56%, partnerships are up 63.33%, and acquisitions' have seen 36.62% growth. Financing deals have also seen positive results, with venture financing up 150.96% YoY, private equity up 102.45%, equity offerings up 28.32%, and debt offerings saw growth of 35.08%.
Deals activity by sector
In the year so far, perhaps the most notable conclusion to draw from GlobalData’s analysis of power industry deals by sector is consistency. All sectors are currently in the same relative rankings as they were at the end of 2020, with solar PV remaining in the lead with 564 deals.
Note: All numbers as of 26 April 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
Engie to divest stake in Engie EPS to TCC
France-based energy company Engie has signed a sale purchase agreement to sell a 60.5% stake in the share capital of Engie EPS to Taiwanese company TCC.
Ørsted buys Brookfield Renewable Ireland, enters European onshore wind
Danish wind turbine manufacturer Ørsted has announced its purchase of UK and Ireland onshore wind operator Brookfield Renewable Ireland.
The companies value the enterprise at $684m (€571m) as of the end of 2020. The acquisition marks Ørsted’s first onshore venture in Europe, after starting onshore operations in the US in 2018.
Northland Power to acquire renewable portfolio in Spain
Canadian power company Northland Power has signed a definitive agreement with Helia Renovables to acquire a 540MW wind and solar portfolio in Spain.
The €345m ($413m) deal includes the assumption of €716m ($857m) of debt.
Tata Power cancels renewable energy deal with Petronas
Indian power company Tata Power has reportedly called off talks with Malaysian oil and gas company Petroliam Nasional Berhad (Petronas) over an almost $2bn investment in its renewable energy business.
EDPR to sell stake in US wind portfolio
Spain-based renewable energy firm EDP Renováveis (EDPR) has agreed to divest a 55% equity stake in two US wind farms to investment firm Greencoat Capital.
Rhizen signs oncology drug development deal with Curon
Swiss biopharma company Rhizen Pharmaceuticals has signed an exclusive licensing agreement with Curon Biopharmaceutical to develop and commercialise Tenalisib for oncology in the Greater China region. Tenalisib, a highly selective dual PI3K delta and gamma inhibitor, is currently in Phase II clinical development for haematological malignancies. The US FDA granted fast track and orphan drug designations for the drug candidate Tenalisib as a treatment for relapsed/refractory peripheral T-cell lymphoma and cutaneous T-cell lymphoma.
