Amid rising module prices and rock bottom solar tariffs in India, mergers and consolidations of renewable energy companies are taking place. Last year, Tata Power acquired Welspun Renewables, which became one of the biggest acquisitions within the Indian PV market. Last week, Global Infrastructure Partners (GIP) announced the acquisition of Equis Energy, with important assets in India. Equis Energy is an Independent Power Producer (IPP) company. GIP will be acquiring 100% of Equis Energy for USD 5.0 billion, including assumed liabilities of USD 1.3 billion. The transaction is expected to be completed no later than at the end of Q1 2018. This is one of the largest acquisitions within the renewable energy industry to date.
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