The Possibility Of Re-Investment Of $450 In India’s Green Energy Space
Growth market-focused alternative investment firm Actis said India is one of its core investment markets where it has committed nearly a billion in the past 12 months, betting big on a fresh wave on renewable energy and continued advancement in fintech and consumer businesses compared to other emerging market peers.
Ostro Energy, the renewable energy platform launched by Actis in 2014, was sold to Sumant Sinha-led Renew Power Ventures for an enterprise value of `10,800 crore ($1.66 billion), the biggest M&A deal in the renewables sector, in April this year. From 50MW capacity, Ostro was grown to a producer of $1.1 GW of renewable energy under Actis.
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