Shell and SoftBank may bid for Equis Energy

In Clean News, News

Shell and SoftBank have also joined the race for buying Equis Energy, Asia’s largest independent renewable energy producer valued at up to $5 billion. Japanese trading companies, global pension funds and buyout firms are also in the fray to buy this Singapore base company.

Equis owns a portfolio of 97 projects comprising solar, wind and hydro generation assets spread across countries including Japan, India, Philippines and Australia. It is part of Equis Funds Group, which has raised $2.7 billion in equity from global investors for infrastructure investments, mostly in renewables, over the past five years.

As told to your earlier in a separate story on our website Engis, the French energy major has shown interest in acquiring the Indian renewable assets of Equis. First-round bids for Equis are due this week, said the sources.

 

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