The power and utilities (P&U) sector in the Asia-Pacific is fast becoming the worlds most exciting, with massive activity in China, reforms in many markets, electrification agendas and a focus on renewables driving a surge in mergers and acquisitions (M&A) during 2015. Q4 2015 highlights include Chinese outbound activity's continual rise. Deal-making in China contributed US$51.7b or 69% to the total regional deal value. As the Chinese economy slows, larger utilities acquired smaller utilities to increase their customer base and bring operational synergies. Renewable energy transactions are gaining momentum as well. Q4 2015 hosted renewable energy deals are worth US$19.1b, a six-year high. While much of the activity was in China, renewables targets across the region encouraged M&A. In particular, India's ambitious renewable energy targets, rising demand and favorable regulatory environment are attracting foreign investors.
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