Global Infrastructure Partners (GIP) has bought out MAP RE/ES, the renewable energy business of MAP Energy, via its fourth flagship fund, GIP IV. Financial terms were not disclosed.
MAP’s assets include a portfolio of producing royalty interests across more than 16 gigawatts of operating wind and solar projects in the United States, as well as a nationwide development pipeline managed through joint ventures with key national and regional development partners.
GIP's current portfolio includes $9 billion of equity investments and commitments in the renewables sector, as well as ownership interests in more than 10 gigawatts of operating renewable assets and more than 65 gigawatts under construction or in development.
“MAP RE/ES has been one of the most successful investors in U.S. renewables and has created an attractive, extremely diversified portfolio that includes exceptionally high-quality operating cash flow from the royalty interests and the opportunity t
