A consortium led by US fund Global Infrastructure Partners (GIP) has agreed to buy Singapore-headquartered renewable energy company Equis Energy for a record $5 billion, including debt. Becoming the largest deal in the clean energy sector, the GIP-led consortium will pay $3.7 billion in cash to Equis and take over its liabilities of $1.3 billion. The other members of the consortium include Canada’s Public Sector Pension Investment Board, CIC Capital Corporation and China Investment Corporation. Equis Energy has 11,135 MW of green energy capacity – commissioned, under-construction and under-development projects – across seven countries.
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