Tag: actis

Mainstream and Actis sign agreement to sell Africa-based Lekela Power

Mainstream Renewable Power and investment firm Actis have decided to sell Lekela Power, an African renewable energy platform, for around $1.5 billion. Lekela Power will be purchased by Infinity Group and Africa Finance Corporation (AFC), subject to regulatory approvals and customary closing conditions. Lekela is a pure-play independent power producer of renewable energy and was founded in 2015.

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Shell to acquire Sprng Energy Group for $1.55 billion

Shell Overseas Investment B.V., a wholly owned subsidiary of Shell plc (Shell), has agreed to acquire a 100 per cent stake of Solenergi Power Private Limited and the Sprng Energy group of companies for $1.55 billion from Actis Solenergi Limited (Actis). The deal is expected to almost triple Shell’s renewable energy capacity in operation, as the company strives to become a net-zero emissions firm by the year 2050. 

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Fortum to sell 500 MW of its Indian solar assets to Actis

Fortum has decided to divest 500 MW of solar projects in India and has signed an agreement with the global infrastructure investment firm Actis for the same. As part of the agreement, Actis will receive ownership of the 250 MW Pavagada II and the 250 MW Rajasthan solar power plants.

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Lekela Power led consortium commissions 140 MW wind farm in South Africa

Actis-backed independent power producer (IPP) Lekela Power and its consortium partners have started commercial operation of its Kangnas wind farm in the Northern Cape Province of South Africa. The consortium partners include Mainstream, African Rainbow Energy and Power (AREP), Kangnas Renewable Energy Community Trust, Old Mutual Life Assurance Company and H1 Holdings.

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