GIP to buy global portfolio of Equis Energy for $5 bn

This would be the largest deal in the global renewable energy sector and is expected to close in the first quarter of 2018

Singapore-based renewable energy company Equis Energy, which has close to 900 Mw of assets in India, would sell its entire portfolio of 11,135 Mw to Global Infrastructure Partners (GIP), a leading infrastructure investor, for $5billion. This would be the largest deal in the renewable energy sector.

Equis Energy is one of the largest renewable energy independent power producers in the Asia-Pacific region and has operations in Japan, Australia, Indonesia, the Philippines, India and Thailand.

GIP has said its fund Global Infrastructure Partners III in conjunction with the Public Sector Pension (PSP) Investment Board, one of Canada’s largest pension investment managers, CIC Capital