Deal activity by volume related to ESG increased by 339% year-on-year in 2022 in the power industry
Credit: Bert van Dijk/Getty images.
Analysis of the key themes driving deal activity reveals that ESG accounted for 8,468 power deals between 2018 and 2022, worth a total value of $11,822m, according to GlobalData’s Deals database covering mergers and acquisitions, private equity, venture financing, equity offerings and partnerships. The $24,359m asset transaction deal by China Three Gorges was the largest disclosed deal in 2022, while the $23,134m acquisition of Suez by Veolia Environnement was the largest disclosed deal in 2021.
In volume terms, ESG-related deal activity increased by 339% year-on-year in 2022, whereas it declined by 64% year-on-year in 2021.
Deal activity related to ESG in the global power industry in the last five years
Top deals related to ESG in the power industry in the last five years
Deal volume by deal type for ESG related deals in the power industry in the last five years
Asset transactions accounted for the highest number of deals in the last five years, with 3,781 deals, followed by acquisitions (1,421 deals) and partnerships (1,160 deals).
Top financial advisors for ESG related deals by value in the power industry in the last five years
The top financial advisor supporting deals related to ESG in the power industry in the last five years in terms of value was Goldman Sachs, followed by BofA Securities and Citigroup.
Top legal advisors for ESG related deals by value in the power industry in the last five years
The top legal advisors supporting deals related to ESG in the power industry in the last five years in terms of value were Weil, Gotshal & Manges, Davis Polk & Wardwell, and Cleary Gottlieb Steen & Hamilton.
GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Deals database provides comprehensive coverage across industries tracking market activity of global mergers & acquisitions, including asset acquisitions/divestments; private equity deals (PE); venture finance deals (VC); equity offerings, including IPOs, follow-on offerings, and private placements; debt offerings, including private placements, ESG bonds and loans; partnerships; and licensing agreements.
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumored deals.