Haven Power

Power and utilities deal values up in second quarter

Power and utilities deal values up in second quarter


Corporate mergers and buyers focused on global renewables and regulated assets led a 105% increase in power and utilities deal value in the second quarter of the year, according to EY. Issued on Thursday 18 August, the analyst’s quarterly report said that deal value totalled $43.5bn in the second quarter, down slightly from the preceding quarter. But deal volume was up 33% year-on-year and up 10% over Q116. EY’s Matt Rennie said: “Ongoing sector and global volatility continues to be at the forefront of investors’ minds. In the second quarter we saw this play out in the form of buyers seeking safe bets in renewables, where demand continues to rise in developed and emerging markets, and regulated transmission and distribution assets that offer stable, long-term returns.”

EY