Renewable energy infrastructure developer EDL to raise $1.25b

EDL has also created Equis Energy, a $5b renewable energy platform.

Singapore-headquartered Equis Development (EDL) has carried out binding documentation with a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA), Ontario Teachers’ Pension Plan Board, and the Equis management team to invest $1.25b in EDL.

As Asia Pacific’s leading renewable energy and waste infrastructure developer and operator, EDL will use the funding it will raise in the development, construction, and operation of primary and hybrid renewable energy and biomass generation, power grid distribution and transmission, and waste infrastructure assets in Australia, Japan and South Korea.

“EDL will finance and be responsible for every stage of an asset’s lifecycle from origination, procurement, construction, engineering and development through to operations and maintenance, asset management and performance optimization,” said EDL.

Interestingly, EDL has created Equis Energy, a $5b renewable energy platform, and recently announced the divestment of two Japanese biomass generation assets for $1b.