GIP PURCHASES MAP ENERGY S US RENEWABLE ENERGY BUSINESS

Highlights
• The amount invested by the manager’s $22bn Global Infrastructure Partners (GIP) IV fund remains undisclosed
• The assets are inclusive of a portfolio of producing royalty interests across over 16,000MW of operating wind and solar projects in the US

Global Infrastructure Partners (GIP) has purchased US renewable energy business from MAP Energy on behalf of its fourth flagship fund.
The amount invested by the manager’s $22bn Global Infrastructure Partners (GIP) IV fund to buy the MAP RE/ES investment platform, team, and renewable energy assets under management from MAP Energy remains undisclosed
The assets are inclusive of a portfolio of producing royalty interests across over 16,000MW of operating wind and solar projects in the US, as well as a nationwide development pipeline managed with the help of joint ventures with national and regional development partners said the GIP.
Adebayo Ogunlesi, Chairman and Managing Partner of GIP, in his statement “MAP RE/ES has been one of the most successful investors in US renewables and has created an attractive, extremely diversified portfolio that includes exceptionally high-quality operating cash flow from the royalty interests and the opportunity to invest additional capital in a leading development pipeline.”

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