World Infrastructure Companions (GIP) has purchased MAP Vitality’s US renewable vitality enterprise on behalf of its fourth flagship fund.
The supervisor’s $22bn World Infrastructure Companions (GIP) IV fund is investing an undisclosed sum to purchase the MAP RE/ES funding platform, staff, and renewable vitality property below administration from MAP Vitality for an undisclosed sum.
GIP stated the property embody a portfolio of manufacturing royalty pursuits throughout greater than 16,000MW of working wind and photo voltaic tasks within the US, in addition to a nationwide growth pipeline managed by means of joint ventures with nationwide and regional growth companions.
Adebayo Ogunlesi, chairman and managing accomplice of GIP, stated: “MAP RE/ES has been probably the most profitable buyers in US renewables and has created a gorgeous, extraordinarily diversified portfolio that features exceptionally high-quality working money stream from the royalty pursuits and the chance to speculate extra capital in a number one growth pipeline.”
Aaron Zubaty, CEO of MAP RE/ES, stated: “Our staff is delighted to collaborate with GIP to advance greater than 15 years of labor thus far as we proceed the meticulous administration and progress of our property.”
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