Q1 2024 witnessed strong energy M&A activity in North America and in Europe driven by large asset deals and a continued focus on energy transition. Utility deals totalled $13.43 billion in the past quarter, compared with $11.62 billion in the same period of 2023¹. Evolving regulatory environment, technological maturity, rising costs and market reforms remain core drivers drawing interest in various energy assets across geographies.
CRA has selected five investment types across various regions in this quarterly update and assessed the regulatory, technology, and commercial environments to provide a high-level view of the opportunity.
CRA case study
CRA’s European Energy team recently completed a comprehensive commercial due diligence for a significant fund contemplating an investment in a natural gas distribution asset.
CRA focused on evaluating the long-term sustainability of the asset under varying market and regulatory scenarios, developing a series of detailed energy transition scenarios extending to 2050, and rigorously assessing the business case for both the regulated infrastructure and the non-regulated activities of the asset.
CRA provides transaction support across a wide range of energy asset classes including renewables and conventional generation, transmission and utilities.
Visit our website to see how we help our clients assess their portfolios and identify potential investment targets such as market entry for hydrogen or divestment areas, conduct commercial and regulatory diligence of opportunities, and support post-merger transformational activities such as complex carve outs.
1. S&P Global Intelligence data
