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Actis to infuse $850 million into sustainable infra projects in India

Sustainable infrastructure-focused investment firm Actis on Thursday said it will more than double its investments in the country by infusing $850 million in projects over the next five years

Topics
Actis | infrastructure projects | Investments

Press Trust of India  |  Mumbai 

Infrastructure funds

Sustainable infrastructure-focused investment firm on Thursday said it will more than double its in the country by infusing USD 850 million in projects over the next five years.

The investment will be done from a USD 6-billion global fund, which achieved its final close on Thursday, according to an official statement.

has invested USD 800 million in Indian renewables projects in the past seven years to establish Ostro Energy and Sprng Energy with three gigawatts (GW) of solar and wind power capacity, it said.

"We are committed to the Indian renewable sector and will continue to be a leading investor in Indian green energy," its Partner and Asia Head (Energy) Sanjiv Agarwal said.

The London-based firm announced the close of 'Energy 5' on Thursday, which represents USD 6 billion of investable capital, including USD 4.7 billion of fund commitments plus co-opportunities, as per the statement.

The fund has already allocated capital of USD 4 billion to energy transition opportunities through control in power generation and distribution businesses, it added.

The fundraising saw sizeable limited partners' re-ups as well as new commitments from a high-quality, diversified investor base, the statement said.

It added that the LP base includes pension funds, insurance companies, endowments, sovereign wealth funds and other investors from across the globe.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Thu, October 14 2021. 21:40 IST
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