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December 30, 2020
GIP acquires renewable energy business of MAP Fund Management Company
Source: Cable Network
[Cable Network News] Global Infrastructure Partners (GIP) will acquire the renewable energy business of private fund management company MAP Energy LLC, which includes a portfolio of royalties generated by wind and solar power plants operating in the United States over 16 GW.
GIP announced on Tuesday that its fourth flagship fund, GIP IV, will purchase the MAP RE/ES investment platform, its team and the renewable energy assets under management from MAP. The amount is not disclosed.
In addition to the aforementioned investment portfolio, the transaction also covers a national development channel, which is managed through joint ventures with national and regional partners.
At present, GIP’s equity investment and commitments in the field of renewable energy are approximately US$9 billion, with ownership shares of more than 10 GW of operating assets and projects under construction or development of more than 65 GW
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