US firm buying Asia’s top renewable energy producer

US firm buying Asia’s top renewable energy producer

United States-based fund Global Infrastructure Partners (GIP) has entered into an agreement to acquire the renewable energy portfolio of Singapore-based Equis Energy for $3.7 billion, including five solar and wind assets in the Philippines. Considered the largest renewable energy independent power producer in Asia Pacific, Equis Energy has at least 180 assets across the region, with an aggregate generating capacity of 11,135 megawatts. Besides the Philippines, the assets—in their operation, construction and development stages—are spread out across Australia, Japan, India, Indonesia and Thailand. GIP said in a statement the transaction, which expected to close in the first quarter of […]