GIP to Get MAP Energy's RE Service With Passion in 16 GW of Projects

• International Infrastructure Partners (GIP) has actually announced the procurement of MAP ® RE/ES, the renewable resource organization of MAP ® Energy.
• International Infrastructure Partners (GIP), a leading global, independent framework capitalist, has actually introduced the procurement of MAP ® RE/ES, the renewable resource business of MAP Energy.

GIP's fourth flagship fund, GIP IV, will certainly get 100 percent of the MAP RE/ES investment platform, group, as well as renewable resource assets under management from MAP ®, a private fund supervisor and also energy investor. The possessions consist of a portfolio of creating royalty passions throughout greater than 16,000 MW (16 GW) of operating wind and solar projects in the United States, as well as an across the country development pipeline took care of via joint endeavors with leading nationwide as well as regional development partners. The MAP ® RE/ES business will certainly remain to be led by its existing financial investment team.

Adebayo Ogunlesi, Chairman and Managing Partner of GIP, said, "MAP ® RE/ES has actually been among the most successful investors in US renewables as well as has created an attractive, incredibly diversified portfolio that includes incredibly high-quality operating capital from the aristocracy rate of interests and also the opportunity to spend additional resources in a leading development pipe. We look forward to collaborating with the group that constructed this extremely effective service."

This deal expands on GIP's worldwide renewables financial investment strategy, which has a proven performance history of value production. GIP's existing portfolio includes around USD 9 billion of equity financial investments and also dedications in the market, and ownership interests in over 10 GW of running renewable properties and also over 65 GW under construction or in advancement.

Aaron Zubaty, CEO of MAP ® RE/ES, added that "partnering with an international leader in infrastructure investing that also shares our worths as well as viewpoint is a rare chance. Our team is delighted to work together with GIP to advance greater than 15 years of work to day as we proceed the careful administration and growth of our possessions."

In September, we had reported that the RattanIndia Group had actually sold its solar plants and assets with a combined capability of 306 MW to GIP for around Rs 1,670 crore. The group has a solar properties portfolio of 306 MW, including ground-mounted solar possessions of 297 MW capability spread across Karnataka (Pavagada), Maharashtra (Katol), Rajasthan (Bhadla), and also Uttar Pradesh (Allahabad and also Bareilly) as well as 9 MW rooftop solar projects spread out throughout 10 cities, a company statement stated. The typical toll of the companies' solar energy projects is Rs 4.50 per unit.