Renewables developer Equis raises US$1.25b from management and Abu Dhabi, Canada funds

Singapore

SINGAPORE-BASED renewable energy and waste infrastructure developer Equis Development has raised US$1.25 billion in capital funding from a wholly-owned subsidiary of Abu Dhabi Investment Authority (ADIA), the Ontario Teachers' Pension Plan Board and the Equis management team.

ADIA invests funds on behalf of the Abu Dhabi government, while Toronto-based Ontario Teachers' is the administrator of Canada's largest single-profession pension plan.