Global Infrastructure Partners on Dec. 29 announced it will acquire MAP Energy LLC's renewable energy business. With 16 Gigawatt seems it one of the biggest of the year
- Dec 31, 2020 4:13 pm GMT
Under the deal, Global Infrastructure Partners' GIP IV fund will acquire MAP® RE/ES The Renewable Energy Business of MAP® Energy, including its investment platform, team and renewable energy assets under management for an undisclosed sum, according to a news release.
The assets include a portfolio of producing royalty interests from more than 16,000 MW of operating wind and solar projects in the U.S., as well as a development pipeline managed through joint ventures with partners.
Independent infrastructure fund manager GIP said its portfolio currently includes approximately $9 billion of equity investments and commitments in the renewable sector, ownership interests in over 10 GW of operating renewable assets and over 65 GW under construction or in development.
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