Global Infrastructure Partners (GIP) is set to make the renewable sector's biggest-ever purchase, with the $5bn acquisition of Singapore firm Equis Energy. The sale includes $1.3bn of liabilities and is set to close in Q1 2018. Equis Energy's 11 GW of renewable assets include solar, wind and hydroelectric power operations, notably featuring one of Australia's largest solar plants, which is still currently under development. In a statement, GIP's chief executive officer John Taylor said that it was "pleased to have reached an agreement for its purchase of Equis, adding significant value to our portfolio as we continue to
Global Infrastructure Partners (GIP) is set to make the renewable sector's biggest-ever purchase, with the $5bn acquisition of Singapore firm Equis Energy. The sale includes $1.3bn of liabilities and is set to close in Q1 2018. Equis Energy's 11 GW of renewable assets include solar, wind and hydroelectric power operations, notably featuring one of Australia's largest solar plants, which is still currently under development. Insiders have speculated that, as governments replace existing tariff structures, scale will be a determining factor in ensuring the renewable sector remains profitable.