Global Infrastructure Partners are bidding to acquire the biggest renewable deal through Equis Energy for $5 billion, which is the highest acquisition price in the renewable sector as reported by Green Technica Media.
The acquisition will give GIP a strong presence in the Asian energy market and will enhance its $40 billion renewable portfolio. Just recently, the company bought a 50% share in a 330-megawatt offshore wind farm in the North Sea.
Equis has 5 gigawatts of wind and hydro and more solar projects planned in the Asia-Pacific.
Other traditional energy companies that are pursuing renewables include:
- Shell purchased MP2 – a total 1.7 gigawatts of solar, wind, landfill gas and natural gas projects.
- Total purchased battery-maker Saft for $1.1 billion and also has a major share in SunPower.
- Enel, Centrica, Engie and EDF also have made major investments in the United States.