Actis, through its portfolio company BluPine Energy, has completed the acquisition of a 404MW solar portfolio in India.
The acquisition of the operational assets, from Atha Group, will enable BluPine to target a 4GW of portfolio capacity in India over the next 4-5 years.
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Actis has previously built two Indian renewable IPPs, Ostro Energy and Sprng Energy, both of which were sold to key strategic players.
Actis has committed to invest up to $800m in BluPine through Actis’ Energy 5 Fund, which represents $6bn of investable capital, and is focused on investing in global energy transition opportunities.