Clifford Chance and Skadden score roles on record-breaking $5bn renewable energy deal
Clifford Chance London team leading on huge Asian renewable energy transaction
October 26, 2017 at 06:02 AM
2 minute read
Clifford Chance and Skadden Arps Slate Meagher & Flom have scored lead roles on one of the largest ever acquisitions in the renewable energy industry, as US investment fund Global Infrastructure Partners (GIP) acquires Singapore-based Equis Energy for $5bn (£3.8bn).
New York-based GIP will pay $3.7bn (£2.8bn) for 100% of Equis Energy and take on $1.3bn (£980,000) worth of assumed liabilities. The transaction is the biggest ever acquisition in the history of the renewables industry, according to data compiled by Bloomberg.
Equis Energy is the largest independent renewable energy power producer in Asia-Pacific, with more than 11,135 megawatts in operation across Australia, Japan, India, Indonesia, the Philippines and Thailand.
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