GIP Buys Solar Assets Of Equis Energy In Asia-Pacific

Asia Australia
Typography
Equis Pte. Ltd (Equis) and Global Infrastructure Partners (GIP) announced  the execution of binding documentation for the sale of 100% of Equis Energy for USD5.0 billion (including assumed liabilities of USD1.3bn) in cash to GIP and co‐investors. 
 
The transaction is subject to customary regulatory approvals and is expected to close in the first quarter of 2018. The transaction is the largest renewable energy generation acquisition in history and positions GIP as a dominant renewable energy developer in the key OECD growth markets of Australia and Japan, as well as across India and South‐East Asia.   
 
David Russell, CEO of Equis and Chairman of Equis Energy said, “The investment by GIP and its partners is exciting news for the development of renewable energy in the Asia‐Pacific. GIP has a strong track record of managing and growing utility‐scale infrastructure businesses, and the combination of experience and knowledge across GIP and the existing management team will allow Equis Energy to continue expanding competitively across its target markets.”
 

Translator

SolarQuarter Tweets

Follow Us For Latest Tweets

SolarQuarter Awaiting Your Confirmation_Wind-Solar-Storage Hybrid Conference_13 June, New Delhi - https://t.co/sNnFVHfGLq
Tuesday, 22 May 2018 07:42
SolarQuarter Best Solar Companies To Work For_Awards & Survey_Nominate Now - https://t.co/ys8ce1yRDt
Monday, 21 May 2018 12:12