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Global Infrastructure Partners acquires Equis Energy

ASIA-PACIFIC: US-based investment firm Global Infrastructure Partners has purchased Singaporean company Equis Energy and its renewables portfolio for $5 billion.

GIP had previously invested in wind projects including the 330MW Gode Wind 1 site (above) in the German North Sea (pic credit: Dong Energy)
GIP had previously invested in wind projects including the 330MW Gode Wind 1 site (above) in the German North Sea (pic credit: Dong Energy)

Independent Power Producer (IPP) Equis Energy had a portfolio of more than 180 renewable energy projects with a capacity of over 11GW either in operation, construction or development across Australia, Japan, India, Indonesia, the Philippines and Thailand, it claims.

It had 2.3GW of wind power assets, including an unnamed 108MW project in Madhya Pradesh, India and 100MW site, also unnamed, in Andhra Pradesh, India, according to its website.

GIP has invested in crude oil companies, coal-powered generation and liquefied natural gas (LNG) facilities, as well as renewable solar and wind projects including the 330MW Gode Wind 1 site in the German North Sea, according to its website.

The two companies announced the acquisition was closed on 19 January 2018.

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