The Energy Deals 2021 report includes mergers and acquisitions in 2021 and developments awaiting the sector in 2022. The total deal value which had started to gain momentum in 2020 confidently continued its upward trend in 2021 against all odds of the new variants of the Covid-19 virus and the macroeconomic shocks in the domestic market.
40 energy deals generated an estimated total value of USD 2.8 billion, marking a stellar increase of 155% from USD 1.1 billion in 2020. And, the average deal value had a 40% jump from USD 50 million in 2020 to USD 70 million in 2021.
According to the report, the recovery in the total deal value in 2020 gained further momentum in 2021 against the lasting odds in both global and domestic markets. Almost two years after the break out, the pandemic is still here at full force with new mutations as the global inequalities in the vaccine roll out prevents the full suppression. The need for the Turkish energy administration to align its actions with the global best practices shaped by the Paris Climate Agreement and to create shields to protect the market from further shocks is even more critical to enhance resilience through the uncertainties.
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Energy, Utilities and Resources Industry Leader, PwC Türkiye
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