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US Investor to Acquire Renewable Energy Assets of Asia’s Leading Firm

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Published on : Oct 30, 2017

Asia Pacific has made some promising strides in the renewable energy market backed by massive acquisitions and investments by globally prominent players in recent years. Recently in October, 2017 Global Infrastructure Partners, a leading infrastructure investor based in the U.S., inked a deal to acquire the renewable energy portfolio of Singapore- headquartered Equis Energy, one of the largest renewable energy power producers in Asia Pacific. The deal estimated at US$3.7 billion, is expected close by Q1 2018, will also include five assets linked with solar and wind power the company has in the Philippines.

Having over 180 assets across Asia Pacific, Equis Energy boasts of a massive generating capacity of 11,135 MW. Apart from the main presence in Philippines, the company has energy assets spread out across countries such as Thailand, Japan, India, Australia, and Indonesia. In Philippines alone, the independent producer has generating capacity totaled to 243.8 MW, with assets spread across Luzon, Mindanao, and Visayas.

Infrastructure Spending Into Renewable Energy to Unlock Exciting Avenues in Asia Pacific

According to Global Infrastructure Partners, the transaction is touted as the largest acquisition pertaining to renewable energy assets in history. Market experts opine that the acquisition will unlock vast exciting opportunities for players in the Asia Pacific market for renewable energy market. With a prominent presence of utility-scale infrastructure businesses, the New York-based infrastructure investor with marked expertise in experience and knowledge will enable Equis Energy to consolidate its presence across promising target markets and help it stay ahead of others. On the other hand, the renewable energy power producer in Asia Pacific will benefit from advanced asset portfolio and a remarkable management expertise.

The transaction, notably, will include the assumed liabilities of US$1.3 Bn taking the total value of the acquisition to US$5 Bn.