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Reuters: Shell, SoftBank weigh bids for Asia renewables firm worth up to $5B

Jul. 25, 2017 7:55 AM ETShell plc (SHEL) StockSHEL, SFTBF, ENGIY, SFTBYBy: Carl Surran, SA News Editor8 Comments
  • Royal Dutch Shell (RDS.A, RDS.B) and Softbank (OTCPK:SFTBY, OTCPK:SFTBF) are among several global groups considering bidding for Singapore-based renewable energy producer Equis Energy, valued at as much as $5B, Reuters reports.
  • Equis owns a portfolio of 97 projects comprising solar, wind and hydro generation assets spread across countries including Japan, India, Philippines and Australia; it has a 4.4 GW portfolio of operating projects, with an additional 6.7 GW under development.
  • Other potential suitors include French utility Engie (OTCPK:ENGIY), according to the report.

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