Analysis of the key themes driving private equity activity reveals that environmental sustainability accounted for 52 power deals announced in Q3 2022, worth a total value of $5.1bn, according to GlobalData’s whitepaper on Environmental Sustainability in Power – Private Equity Deal Activity in Q3 2022.

In value terms, environmental sustainability-related deal activity decreased by 25% in Q3 2022 compared with the previous quarter’s total of $6.8bn and fell by 11% as compared to Q3 2021. Related deal volume decreased by 7% in Q3 2022 versus the previous quarter and was 1200% higher than in Q3 2021.


Top 5 private equity deals related to environmental sustainability in the power industry since 2021
Target Acquirer Deal Value ($M) Deal Date
Suez Ardian Holding; Global Infrastructure Partners $13,660M Jan-21
Covanta Holding EQT $5,300M Jul-21
Reden Solar British Columbia Investment Management; Macquarie Asset Management Holding; MEAG Munich Ergo AssetManagement $2,733M Mar-22
China National Nuclear Huineng Beijing Guanghe Confluence New Energy Technology Enterprise; China Life Insurance; CITIC Securities; Guohua Military and Civil Integration Industrial Development Fund Management; Sichuan Energy Investment Development; Zheneng Electric Power; Zhuhai Deqing Hengda Investment Partnership No 3 $1,115M May-22
Hafslund Oslo Celsio Hafslund Produksjon Holding; HitecVision; Infranode $1,051M Mar-22
Source: GlobalData Deals Database

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