acquisitions
Iberdrola, holding approximately 81.6% of Avangrid, plans to invest $2.48 billion to acquire the additional stake
eEnergy has finalised the sale of its division to Flogas Britain for an initial £29.3 million, with potential additional payments based on future performance
The sector has noted a 25% drop in deals by the end of 2020’s first quarter, compared to the fourth quarter of 2019
Clean energy accounted for around 46% of the agreements made in the most recent quarter
EY says 15 multi-billion-dollar deals accounted for 90% of this figure
Renewable growth propelled power and utilities mergers and acquisitions to eight-year highs in 2017, both in terms of value and volume. According to business services firm EY, this figure reached $200 billion (£143.4bn) across 516 deals over the year, with around $43 billion (£30.8bn) of this figure made up from low carbon energy sources such as […]
The volume of global oil and gas deals hit a five-year low in 2017. That’s according to a new report from business services firm EY, which found the total value of global transactions fell to $343 billion (£247bn) from $390 billion (£281bn) the year before. Despite a 21% increase in single deals of more than $1 […]
Around 90% of energy companies are actively seeking a smart technology joint venture or acquisition. That’s according to law firm Pinsent Masons, which suggests these firms want to adapt their business models to keep up with changing consumer behaviours, shifting government policies and to improve security of supply for the future. The survey of 250 […]
A new toolkit providing commercial property owners with guidance on integrating sustainability within the acquisition process has been launched. The Better Buildings Partnership (BBP) Acquisitions Sustainability Toolkit – developed by property companies and industry experts – aims to provide a common approach for the industry to follow. It includes non-technical guidance on addressing sustainability issues […]
The value of deals within the power and utility sector decreased by 16.8% in 2012 due to continued low natural gas prices and global economic uncertainty. A quarterly report from Ernst & Young (E&Y) showed the values of mergers and acquisitions (M&A) in the sector declined from $144.7 billion (£91.5bn) in 2011 to $120.4 billion […]