The Possibility Of Re-Investment Of $450 In India’s Green Energy Space

Actis recently raised $2.7 billion to invest in the energy space and is expected to make the larger allocation to India and has recently invested in the energy space and a possibility arises of a larger allocation to India. In the past, it had invested $450 million in the alternative energy space and has indicated it will commit more capital to the world’s second most populous nation, where power consumption is expected to outpace growth in GDP. In addition, with the government trying to make India the world leader in renewable energy, it makes the country one of the best investment themes among the emerging market economies.

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.