Quarterly, PwC releases a North American Power & Utilities deals report outlining M&A activity for the sector across the continent.
Q2 2016 deal making showcased a growing theme of activity across investment classes, with active targets in electric and gas infrastructure and renewable and traditional generation. Covering the spectrum of renewable to traditional technologies, the top ten deals ranged from headline grabbing deals like Tesla Motors' US$6.6b acquisition of SolarCity to Dynegy's US$375m acquisition of a 35% stake in a fossil fueled electric generation facility.
However, Q2-2016 was a quiet quarter for Canadian companies. In contrast to Q1 2016, where Canadian companies like TransCanada, Fortis and Liberty Utilities (Algonquin Power) were involved in six of the ten largest deals, Q2 2016 saw only one major deal with Canadian involvement — Fortis' on-sell of a 19.9% interest in ITC Holdings.
Key trends this quarter
© 2018 PwC. All rights reserved. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.