Resolüt Partners, a Mumbai-based law firm that specializes in complex cross-border PE/M&A transactions has advised GIC Singapore (“GIC”) on the set-up of its USD 2 billion (INR 16,000 cr) majority owned smart meter platform (“Platform”) in Singapore with a leading meter manufacturer, Genus Power Infrastructures Limited (“Genus”). GIC will hold 74% stake in the Platform […]
GIC Becomes Strategic Investor in InterContinental Energy, Leading Green Fuels Company – EQ Mag Pro
SINGAPORE : Singapore’s sovereign wealth fund GIC (“GIC”), and InterContinental Energy (“ICE”), the leading dedicated green fuels company, announce GIC’s strategic equity investment in ICE. Founded in 2014, ICE is pioneering green hydrogen production at scale through its advanced portfolio of projects in Western Australia, Oman and Saudi Arabia. Located in coastal deserts, the developments […]
Update on GIC Private Limited’s Php 20bn Investment in AC Energy Philippines
On 30 December 2020, AC Energy Philippines (PSE: ACEN) and its parent company, AC Energy and Infrastructure Corporation (“AC Energy”; formerly, AC Energy, Inc.), signed an Investment Agreement with Arran Investment Pte Ltd, an affiliate of GIC Private Limited (“GIC”), for GIC’s acquisition of an effective 17.5% ownership stake in ACEN (the “Investment”). The ACEN […]
ACWA, GIC consortium wins Dubai solar park deal
A consortium led by ACWA Power and Gulf Investment Corporation has been named the preferred bidder to build and operate the 900MW 5th phase of the Mohammed bin Rashid Al Maktoum Solar Park by the Dubai Electricity and Water Authority (DEWA). The park will generate solar power using photovoltaic (PV) solar panels based on the […]
GIC, ADIA invest $329 mn more in Hyderabad-based Greenko
Green energy firm to use fresh capital to fund capex of integrated renewable energy projects, acquisitions The fresh tranche follows the $495 mn investment in June by the wealth funds in Greenko NEW DELHI: In one of the largest funding rounds by an Indian clean energy producer, sovereign wealth funds GIC Holdings Pte. Ltd and […]
KKR, GIC betting on India’s power sector with $400 million investment: Sources
The deal would mark KKR’s first infrastructure investment in Asia since it set up a team late last year that focuses on the sector in the region India’s power demand grew at about 3.6% in 2018/19, lagging overall economic growth HONG KONG: Global investment firm KKR & Co Inc is leading a deal to acquire […]
GIC, ADIA to power Greenko again with $550m cheque
The company is installing three new projects in Andhra Pradesh, Karnataka and Maharashtra by 2021. Sovereign wealth funds GIC Holdings Pte Ltd of Singapore and Abu Dhabi Investment Authority (ADIA) are investing $550 million of fresh primary capital in Greenko, India’s largest renewable energy firm. This will be the third round of capital infusion by […]
GIC, ADIA to put $450 million into Greenko
MUMBAI: Hot on the heels of the billion-dollar acquisition of Orange Renewables, Greenko’s key shareholders GIC of Singapore and Abu Dhabi Investment Authority (ADIA) have agreed to infuse another $450 million to bankroll the company’s next phase of growth. This involves 15 GW of integrated, round-the-clock renewable assets combining hydro, wind and solar with the […]