Global Infrastructure Partners (GIP) has announced the completion of the acquisition of Equis Energy for $5 billion.
The transaction also includes assumed liabilities of Equis Energy amounting to $1.3 billion.
Singapore-based renewable energy independent power producer, Equis Energy has 11,135 megawatts of projects in operation, construction and development across Asia-Pacific region including Australia, Japan, India, Indonesia, the Philippines and Thailand.
The company is involved in all activities of the renewable project value chain, including origination, permitting, design, procurement, construction, financing and operations.
The acquisition was announced in October 2017. Global Infrastructure Partners III, a fund managed by GIP, along with the Public Sector Pension Investment Board of Canada and CIC Capital Corp., had reached an agreement to acquire of Equis Funds Group.
