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.