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ARTICLE · 25 OCTOBER 2023

Increase In Renewables Deals Provides Boost To Infrastructure M&A

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Canadian infrastructure deal activity this year has split along a value-volume divide. Volume remains robust, with 37 deals to date and a projected count of 50 deals by year-end.

CanadaEnergy and Natural Resources
Krista Hill
Krista Hill
Peter Danner
Peter Danner
Huw Evans
Huw Evans
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A choppy year in Canadian infrastructure M&A has benefited from one notable outlier: renewable energy projects. And renewables deals are not only driving dealmaking in the space. They are experiencing a longer term maturation as a category, against the backdrop of an energy transition environment taking next steps.

This article shares important data points from Canadian infrastructure M&A activity this year—and then narrows the focus to analyze renewables deals and their breakthrough success.

Canadian infrastructure M&A: value or volume?

Canadian infrastructure deal activity this year has split along a value-volume divide. Volume remains robust, with 37 deals to date and a projected count of 50 deals by year-end. This compares to the 46 deals in 2022 and 41 deals in 2021. Yet annualized deal value is set to reach just $8 billion this year, a plunge from over $11 billion last year and $20 billion the year before.

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