Actis acquires solar energy portfolio from Atha Group

Actis, through its portfolio company BluPine Energy, a renewable wind and solar power generation and storage business, has completed the acquisition of a 404MWp operating pan-India solar portfolio from the Atha Group. The acquisition will enable BluPine to support India’s energy transition by targeting 4GWs of portfolio capacity over the next 4 to 5 years. The company did not disclose the value of the deal but industry sources said it is around ₹2,000 crore. Actis has committed to invest up to $800 million in BluPine through Actis’ Energy 5 Fund, which represents $6 billion of investable capital and is focused on investing in global energy transition opportunities. Working with Actis’ in-house Sustainability team, BluPine will implement world-class governance standards, focusing on key areas including health and safety, procurement, skills training within communities and…

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