Asian energy deal defies green resistance
HONG KONG, Oct 27 – The $5 bln sale of Equis solar and wind projects in Australia, Japan and beyond to a global fund group sets a new benchmark. As clean projects expand, they’ll attract oil titans, too. Donald Trump and Malcolm Turnbull may discount renewables, but investors are inflating them.
CONTEXT NEWS
– Global Infrastructure Partners said on Oct. 25 it had agreed to buy Singapore-based Equis Energy for $5 billion, including debt, in what the companies touted as the largest-ever renewable energy deal.
– Equis owns assets across 180 solar, wind and hydroelectric projects in Australia, Japan, India, Indonesia, the Philippines and Thailand.
(The author is a Reuters Breakingviews columnist. The opinions expressed are his own.)
-By Jeffrey Goldfarb
Source: Reuters
