The US investment fund Global Infrastructure Partners (GIP) along with the Public Sector Pension Investment Board of Canada and CIC Capital Corporation have acquired the Singapore-based firm Equis Energy for US$5bn (with assumed liabilities of US$1.3bn). Once completed, the acquisition will enable GIP to take over 180 assets with a combined capacity of 11,135 MW in operation, construction and development in the Asia Pacific region (Thailand, Philippines, Indonesia, India, Japan and Australia). The transaction is subject to regulatory approvals and is expected to close in the first quarter of 2018.
Equis Energy is a large renewable energy Independent Power Producer (IPP) and infrastructure fund manager focusing on the Asia- Pacific region. The 11,135 MW portfolio includes 1.9 GW of solar and onshore wind assets along with a long-term development pipeline comprised of over 115 projects representing a further 9.1 GW.
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