Analysis of the key themes driving M&A activity reveals that environmental sustainability accounted for 288 power deals announced in Q3 2022, worth a total value of $18.1bn, according to GlobalData’s whitepaper on Environmental Sustainability in Power – M&A Deal Activity in Q3 2022. The $1.7bn acquisition of Hitachi Energy by Hitachi was the industry’s largest disclosed deal.

In value terms, environmental sustainability-related deal activity increased by 3% in Q3 2022 compared with the previous quarter’s total of $17.5bn and rose by 710% as compared to Q3 2021. Related deal volume increased by 22% in Q3 2022 versus the previous quarter and was 1152% higher than in Q3 2021.


Top 5 M&A deals related to environmental sustainability in the power industry since 2021
Target Acquirer Deal Value ($M) Deal Date
Suez Veolia Environnement $23,134M Feb-21
Hydroelectric Projects China Yangtze Power $12,011M Dec-21
Siemens Gamesa Renewable Energy Siemens Energy $4,263M May-22
Adani Green Energy TotalEnergies $2,500M Jan-21
Hitachi Energy Hitachi $1,679M Sep-22
Source: GlobalData Deals Database