GIP acquires Equis Energy for $5 billion

US-based investment fund Global Infrastructure Partners (GIP) and co-investors have acquired Singapore-based Equis Energy, the largest renewable energy independent power producer (IPP) in the Asia-Pacific region, for $5 billion along with assumed liabilities of $1.3 billion. This is said to be the largest renewable energy acquisition, under which GIP has taken over 180 assets with a combined capacity of 11,135 MW at various stages of operation, construction and development, across Australia, Japan, India, Indonesia, the Philippines and Thailand.

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