On Monday, Actis, a prominent global investment firm, announced its complete acquisition of Stride Climate Investments, a significant portfolio focused on solar energy assets in India. This strategic move involves taking over a robust portfolio comprising 371MW (or 414MWp) of solar photovoltaic assets, distributed across 21 projects in seven states, predominantly in Gujarat. While the financial details of the transaction remain undisclosed, the implications are substantial.
Actis Expands Its Renewable Energy Footprint
Actis has made impressive strides in Asia, investing over $7.1 billion across various sectors since its inception. Renowned as a key player in the energy sector, the firm has either built or managed more than 8GW of installed capacity in the region, with over 5.5GW derived from renewable sources. This latest acquisition of Stride marks Actis’ third energy generation platform in India, joining the ranks of BluPine Energy and Athena Renewables.
Strong Market Prospects for Actis
Adrian Mucalov, a partner and the head of long-life infrastructure at Actis, shared his insights, stating, “This acquisition is a testament to our long-life infrastructure investment strategy. We see Stride as a promising venture that can yield significant returns for our investors while operating in a vibrant, rapidly expanding market.” The emphasis on sustainable energy sources aligns with the increasing global demand for renewable energy solutions.
- Key Highlights:
- Full ownership of Stride Climate Investments by Actis.
- Portfolio includes 371MW of solar assets across 21 projects.
- Investment of $7.1 billion in Asia by Actis since inception.
- Actis has over 5.5GW of renewable energy capacity.
As the energy landscape continues to evolve, Actis’ strategic acquisitions like that of Stride Climate Investments reflect a commitment to fostering sustainable energy solutions while enhancing its investment portfolio in the rapidly growing market of renewable energy in India.
