Actis Launches Renewable Energy Platforms for India and Africa (Asia, Sub-Saharan Africa)

Source: Actis

Pan-emerging markets private equity firm Actis has committed US$230 million to create Ostro Energy, a renewable energy platform focused on India. Ostro Energy’s first project is Tejuva, a 50MW wind project already under construction in Rajasthan. Separately, Actis has launched Lekela Power, a US$1.9 billion pan-African renewable energy platform. Actis is investing through Actis Fund 3 alongside global wind and solar developer Mainstream Renewable Power, which will own 40 percent of the platform.