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Global Infrastructure Partners (GIP) will acquire the renewable energy business of private fund manager MAP Energy LLC, which includes a portfolio
of wind and solar power plants generating royalties in more than 16 GW of operations in the United States.
GIP announced on Tuesday that its fourth flagship fund, GIP IV, will purchase the MAP RE/ES investment platform, its team and managed renewable energy assets, from MAP for an undisclosed
amount.
In addition to the above portfolio, the transaction covers the national development channel, which is managed
through joint ventures with national and regional partners.
Currently, GIP has approximately US$9 billion in equity investments and commitments in the renewable energy sector, with ownership stakes in more than 10 GW of operating assets and more than 65 GW of projects
under construction or under development.
Global Infrastructure Partners (GIP) will acquire the renewable energy business of private fund manager MAP Energy LLC, which includes a portfolio
of wind and solar power plants generating royalties in more than 16 GW of operations in the United States.
GIP announced on Tuesday that its fourth flagship fund, GIP IV, will purchase the MAP RE/ES investment platform, its team and managed renewable energy assets, from MAP for an undisclosed
amount.
In addition to the above portfolio, the transaction covers the national development channel, which is managed
through joint ventures with national and regional partners.
Currently, GIP has approximately US$9 billion in equity investments and commitments in the renewable energy sector, with ownership stakes in more than 10 GW of operating assets and more than 65 GW of projects
under construction or under development.