actis

Fund manager Global Infrastructure Partners and private equity firm Actis have completed the acquisition of Atlas Renewable Energy by GIP.

Private equity firm Actis has agreed to sell its Sprng Energy renewables platform to energy major Shell for US$1.55 billion.

Finnish utility Fortum has secured a deal to divest two solar projects in India totalling 500MW of capacity to private equity firm Actis.

Asset management group WiseEnergy has signed a multi-year contract with infrastructure investor Actis for its solar portfolio in India.

Azure Power and Tata Power were among winners in a reverse auction for 1.2GW of solar projects in India, with a winning tariff of INR2.43/kWh (US$0.0324).

Source confirms reports claiming Actis is to take over large-scale portfolio, boosting market footprint for investor already targeting Indian solar through dedicated unit.

The fund can deploy a total of US$2 billion in funding, according to the company. It will be spearheaded by Actis' head of infrastructure Glen Matsumoto.

Actis’ Atlas connects 129MW Guajiro in central state of Hidalgo while JinkoSolar marks commercial launch of 18MW Yucatan installation.

Sprng Energy, an India-focused renewable energy arm of London-based investor Actis, has acquired a 194MW operational solar portfolio from Mumbai headquartered conglomerate Shapoorji Pallonji Infrastructure Capital (SP Infra) in order to grow its India PV portfolio.

Market investor Actis has acquired the 110MW El Pelicano Solar Plant in Chile from SunPower.