General Atlantic, a leading global growth investor, and Actis, a key player in sustainable infrastructure investment, have announced a definitive agreement for General Atlantic to acquire Actis. This deal, pivotal in the investment world, creates a diversified global investment platform with approximately $96 billion in combined assets under management (AUM). Actis: A Track Record of […]
Shell will spend $1.55 billion to acquire Sprng Energy, a renewable energy platform in India owned by global investment firm Actis. In this regard, Shell has executed a definitive agreement through its fully-owned subsidiary — Shell Overseas Investment with Actis Solenergi to acquire Solenergi Power Private Limited, the Mauritius-based holding company for Sprng Energy. Based […]
UK-based investment firm Actis said that it has divested Saavi Energía, a Mexican independent power producer, to Global Infrastructure Partners (GIP) for an undisclosed price. Saavi Energía has a geographically diverse portfolio of 2.2GW, comprising half a dozen combined cycle power plants (CCGTs), three compression stations, and 65km of associated natural gas pipelines. The company […]
Lekela Power, a Dutch renewable energy producer, has achieved financial close on the 250MW West Bakr Wind project, the company’s first wind project in Egypt, as per the latest Egyptian wind industry news. West Bakr Wind project location To be constructed 30km north-west of Ras Ghareb in the Gulf of Suez, the West Bakr Wind […]
Wind industry news : German wind turbine manufacturer Nordex has bagged a contract from Sprng Energy to supply turbines for the 300MW Mulanur wind farm to be built in Southern India. The Mulanur wind farm to be located near the city of Coimbatore is scheduled to break ground in May 2019 and is expected to […]
Energy acquisition news : Investment company Actis has acquired a 110MW solar power plant in Chile named as the El Pelicano Solar Plant from California-based solar energy company SunPower. Financial terms of Actis acquisition of El Pelicano solar power project were not disclosed. The relatively new solar plant in Chile, which uses SunPower Oasis power […]
Energy acquisition news : US-based global power generation firm InterGen has reached a deal to sell its Mexican energy assets, including 2.35GW of power generation capacity, to investment company Actis for $1.256 billion. The power generation assets that are primarily included in the transaction are six combined-cycle gas turbine projects with a total capacity of […]