Renewable Energy Developer Equis Development Attracts Investor Interest in Potential $2 Billion Sale
Key Ideas
- Equis Development, a Singapore-based renewable energy developer, is being assessed for a possible sale valued at over $2 billion by the Abu Dhabi Investment Authority and Ontario Teachers’ Pension Plan Board.
- The company focuses on sustainable infrastructure projects in Asia Pacific, including renewable power, hybrid energy systems, bioenergy facilities, and waste-to-resource assets.
- Equis Development recently secured investments and agreements, such as a $1.25 billion investment from ADIA and Ontario Teachers’ Pension Plan Board, a long-term offtake agreement for an offshore wind project in South Korea, and the initiation of a hydrogen fuel cell power generation project in South Korea.
- The sale of Equis Development to infrastructure-focused funds is in early stages, and the company's restructuring in 2019 aimed to support complex infrastructure projects, showcasing positive investor interest in renewable energy ventures.
The Abu Dhabi Investment Authority and Ontario Teachers’ Pension Plan Board have initiated discussions with a financial advisor to explore the potential sale of Equis Development, a prominent renewable energy developer headquartered in Singapore. Valued at over $2 billion, the transaction is still undergoing preliminary evaluations, with infrastructure-focused funds anticipated as potential buyers. Equis Development specializes in sustainable infrastructure projects across key markets in Asia Pacific, emphasizing renewable power, hybrid energy systems, bioenergy facilities, and waste-to-resource assets.
After consolidating its activities under a single holding company in 2019, Equis Development received a substantial $1.25 billion investment involving ADIA, Ontario Teachers’ Pension Plan Board, and its management team in 2020. This investment was followed by securing a long-term fixed-price offtake agreement for its Anma Offshore Wind Project in South Korea in January. Additionally, the company initiated a hydrogen fuel cell power generation project in Uijeongbu City, South Korea, further diversifying its renewable energy portfolio.
The potential sale of Equis Development highlights the positive investor sentiment towards renewable energy ventures, as evident from the ongoing restructuring and strategic investments in sustainable infrastructure projects. The company's commitment to complex, early-stage initiatives and its successful agreements for renewable power and offshore wind projects position it as an attractive asset for infrastructure-focused investors eyeing sustainable energy opportunities.
Topics
Asia
Renewable Energy
Infrastructure
Renewable Power
Investment
Asia-Pacific
Private Equity
Financial Close
Offshore Wind Project
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