Infrastructure M&A insights
Where capital is flowing across UK energy, infrastructure services and assets, and the deals outlook.
UK infrastructure held up through the first half of 2026 and is expected to remain buoyant. Our new report shows where the money went, the forces shaping valuations, and the assets investors are chasing into the second half of the year.
Renewables was ahead of every other infrastructure sector in H1, with solar and battery storage at the core of the pipeline. Battery storage deals alone jumped from two in Q1 to eight in Q2 as investors moved on connection-ready projects. The market is increasingly rewarding projects that can be delivered rather than simply planned. Could the growing demand for connection-ready assets reshape how infrastructure opportunities are valued?
Delivery is the new bottleneck, replacing demand and capital. The winners in 2026 are the connection ready assets and platforms consolidating them, backed by £23.5bn of debt financing and AR7's record renewable auction. As policy certainty and grid reforms begin to ease delivery constraints, where will the next wave of infrastructure M&A activity emerge?