WEMO24-Compiled Report-Interactive compressed (002) 4154-7882-8116 v.1 - Flipbook - Page 241
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M&A trends in energy utilities
FIGURE 30
Major power, utilities, and renewable energy deals in 2023
Rationale
Value (in $ Bn)
Brook昀椀eld
Infrastructure Corp.
Triton International Limited
• Owner of renewable energy projects expanding its logistics business
13.3
Enbridge Inc.
Dominion Energy Questar Corporation
• Establish the largest natural gas utility platform in North America
4.3
Enbridge Inc.
Public Service Company of North Carolina, Inc.
• Add gas utility operations in North Carolina
3.1
Brook昀椀led Renewable
Partners L.P.
Brook昀椀eld Renewable
Corporation
Duke Energy Renewables
• Acquisition of scale renewable platform for cash 昀氀ows and development
2.8
IRG Acquisition
Holdings LLC
American Electric Power Co. Inc.
• Expand presence in the USA electri昀椀cation and renewable energy sector
1.5
*Note: Deal data has been sourced from Capital IQ, Pitchbook, and KPMG analysis and majorly excludes asset purchases/minority purchases
Source: KPMG
WEMO 2024
Target
241
Acquirer
