British Actis LLP intends to invest $2 billion in a new renewable energy business in India amid rising demand for electricity. This is reported in the Actis press release.
The new Leo Energies company will become the fourth Actis platform in the Indian clean energy market, founded with the aim of increasing electricity production to 3 GW for the implementation of strategic projects in the field of solar, wind and battery energy.
From the point of view of management Actis, "The company's strategy in India is to build assets from scratch to transform into companies with sustainable cash flows, efficient management and growth prospects."
In 2018, Actis created and sold Ostro Energy to ReNew Power for $1.55 billion, and in 2022, the assets of Sprng Energy to Shell Plc for $1.55 billion. At the moment, Actis is preparing to sell the third BluPine Energy platform. The deals demonstrate the interest of global investment funds in expanding their presence in the Indian renewable energy ecosystem.
Actis is a global investment company in the field of energy, infrastructure and real estate. The company is focused on investments in emerging markets in India, Latin America, Southeast Asia, the Middle East, Africa and China. The headquarters is located in London (England).
