Equis Pte. Ltd (Equis) and Global Infrastructure Partners (GIP) announced today the closing of the previously announced sale by Equis of 100% of the equity interest in Equis Energy to GIP and its co-investors, for an enterprise value of USD5.0 billion (including assumed liabilities of USD1.3bn). The net transaction consideration has been settled in cash.
Headquartered in Singapore, Equis Energy is the largest renewable energy independent power producer (IPP) in the Asia-Pacific region (APAC), with more than 180 assets comprising 11,135MW in operation, construction and development across APAC including Australia, Japan, India, Indonesia, the Philippines and Thailand.
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.