Engie May Acquire Equis Renewables In India

Engis, the French energy major has shown interest in acquiring the Indian renewable assets of Singapore based Equis.

People close to the development said that Engie is in talks to buy certain assets from the company, which operates the Energon and Energon Soleq platforms. Wind-focused Energon has 414 MW of operating assets, while Energon Soleq is developing 560 MW of solar projects.

The company owns 4.7 GW of utility-scale solar, wind and hydro generation assets across Australia, India, Indonesia, Japan, the Philippines, Taiwan and Thailand. In addition, it has 6.3 GW under development.

Earlier this year it mandated Credit Suisse and JP Morgan to conduct a strategic review with respect to its renewables portfolio.