Global sustainable infrastructure investor Actis is set to accelerate its push into Southeast Asia’s renewable energy market, committing up to $500m over the next two years to capitalise on rising demand for clean power across the region, according to a report by Bloomberg.
Actis aims to deepen its footprint in key Southeast Asian markets, including the Philippines, Thailand, Malaysia, and Singapore, according to Rahul Agrawal, Partner at Actis and Head of Energy for Southeast Asia. The firm took a majority stake in Singapore-based Levanta Renewables in August 2022, marking its initial expansion in the region.
Clean energy investment in Southeast Asia is forecast to multiply tenfold from approximately $2bn today, reflecting a surge in asset financing that reached $8bn in 2024 – a 30% year-on-year increase led by projects in the Philippines and Malaysia, according to BloombergNEF. Despite this growth, regional spend still lags behind global leaders like China, which invested $818bn in clean energy last year.
Actis, acquired by US-based private equity firm General Atlantic in 2024, currently manages $108bn in assets globally. The firm’s increased capital deployment underscores a growing trend of international investors targeting Southeast Asia’s rapidly evolving renewables sector.
