The deal includes $1.3 billion in debt and is expected to close in the first quarter of 2018.
Equis Energy is the largest renewable energy independent power producer (IPP) in the Asia‐Pacific region, with over 180 assets comprising 11,135MW in operation, construction and development across Australia, Japan, India, Indonesia, the Philippines and Thailand.
The deal 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.
David Russell, CEO of Equis and Chairman of Equis Energy said, “The combination of experience and knowledge across GIP and the existing management team will allow Equis Energy to continue expanding competitively across its target markets.”
“Equis Energy is a strong fit with GIP’s global renewable investment strategy,” according to Adebayo Ogunlesi, Chairman and Managing Partner of Global Infrastructure Partners.
Bloomberg has reported Credit Suisse Group AG and JPMorgan Chase & Co. were financial advisers for Equis Energy, with Skadden, Arps, Slate, Meagher & Flom LLP acting as legal adviser. Clifford Chance LLP advised GIP.
Photo: Equis Energy
