According to S&P Global Market Intelligence, private equity and venture capital investment in European traditional and renewable energy companies sharply increased in 2022, as Russia’s reduction and possible complete cut-off of natural gas to the continent amid the war in Ukraine created an energy crisis. Between Jan. 1 and Sept. 26, oil, gas and coal companies secured $5.36 billion in investments from private equity firms, up 83.5% from $2.92 billion for the entire year of 2021, S&P Global Market Intelligence data shows.
Please find the key highlights of the findings below. Do let me know if you would like to receive further information, or want to speak to an analyst.
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Key highlights
- Aggregate deal value for renewable energy companies soared about nine times, to $5.51 billion from $633.9 million, over the whole of 2021.
- The number of deals in traditional and renewable sectors in 2022 stood at 12 and 26, respectively, as of Sept. 26.
- The transaction value for the traditional energy sector year-to-date averaged $766.3 million, higher than the $305.9 million average for renewable energy companies.
- Spain recorded the largest amount of investment at roughly $4.97 billion, driven by the acquisition of a stake in Repsol Upstream. France and the Netherlands came in second and third with about $3 billion and $2.30 billion, respectively.
