Calgary-based Enverus Intelligence Research said this week M&A (mergers and acquisitions) activity in power and energy transition industries is ahead of the pace set in 2023. Enverus has tracked $79 billion in power asset and energy transition M&A through the first half of the year across 234 deals with a reported value ahead of 2023’s pace of $74 billion. Enverus said Tuesday the count of deals with a disclosed value declined by 35 percent in the same time period.
After recording $79 billion through the first six months of 2024 plus an additional $26 billion so far in 3Q, Enverus called it “a showing of strength for power and energy transition deal markets despite multiple challenges, including macro-economic factors such as sustained higher interest rates that have raised financial costs.”