PE Tech Report

NEWSLETTER

Like this article?

Sign up to our free newsletter

Actis acquires majority stake in Levanta Renewables

Actis, a global investor in sustainable infrastructure, is to acquire a majority stake in Levanta Renewables (Levanta), a Vietnam and Southeast Asia-focused renewables platform.

Founded by Sudhir Nunes, who has significant experience in executing renewable power projects, Levanta has 300MW of onshore wind power projects in advanced development. With Vietnam as the anchor market, Actis will build on Levanta’s pipeline and apply its proven buy-and-build strategy to scale the business into a 1.5GW renewable platform across Southeast Asia, delivering power to a range of offtakers, including C&I customers.
 
The acquisition, Actis’ first Energy Infrastructure investment in Vietnam, will support the country’s national climate target to achieve Net-Zero by 2050. Actis’ contribution to the deployment of renewable technologies in this market will be a key enabler of Vietnam and Southeast Asia’s Energy Transition. The transaction follows Actis’ recent launch of Singapore headquartered Bridgin Power, a gas power generation business dedicated to delivering an equitable Energy Transition in Southeast Asia.
   
The transaction will be funded through Actis’ Energy 5 Fund, which represents $6 billion of investable capital to accelerate the Energy Transition globally. The Actis Energy Infrastructure team has invested in over 70 renewable energy projects to date, with approximately 11GW of renewable energy capacity globally.
 

Like this article? Sign up to our free newsletter

MOST POPULAR

FURTHER READING

Featured