Singapore: Strong investor interest in Equis Energy's renewable energy
portfolio
Singapore-based developer Equis Energy, which has the largest renewable
energy portfolio in the Asia-Pacific, has drawn a high level of interest in
its restructuring plans.
Pouring cold water on various media reports claiming that certain investors
were looking to acquire isolated parts of Equis's renewables assets in
individual countries, a company spokesperson told PV Tech: "Equis Energy
was never interested in restructuring a portion of its portfolio. In fact
it's a regional portfolio and we are restructuring the entire portfolio, so
the India only assets are not on the table.
"It's the entire 100% of the renewable assets of Equis Energy
Asia-Pacific-wide."
The firm has 4.4GW of utility‐scale solar, wind and hydro generation assets
in a range of countries including Australia, India, the Philippines, Taiwan,
Thailand, Indonesia and Japan. It has a further 6.7GW of projects under
development.
Back in April, Equis appointed Credit Suisse and J.P. Morgan as financial
advisors and global coordinators to conduct a strategic review of its entire
renewable energy portfolio.
Having sent out an information memorandum to potential investors two weeks
ago, delineating the scope of the deal in detail, the next stage is the
receipt of indicative bids.
The spokesperson said: "We have received actually quite a lot of interest
from a number of investors, some of those are consortia and some of those
are individual organisations. That's not surprising; it's an exciting
sector in a very exciting geography."
Equis would not comment on individual potential investors.
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Link to Original
Article: https://www.pv-tech.org/news/strong-investor-interest-in-equ
is-energys-renewable-energy-portfolio
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John Diecker
APT Consulting Group Co., Ltd.
www.aptthailand.com
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