Latest
Features , Guest Blog , Long Reads
Actis operates more than 5.5GW of renewable energy capacity across Asia. Image: Actis.
Renewable energy infrastructure investor Actis has acquired Stride Climate Investments, from the Macquarie Group, and with it a 371MW portfolio of operating solar assets in India.
The portfolio consists of 21 projects across seven states, including Gujarat on the west coast of India. These projects have “long-term pay-as-produce” power purchase agreements (PPAs) in place, according to Actis, with both private partners and state and central governments.
This article requires Premium Subscription Basic (FREE) Subscription
Unlock unlimited access for 12 whole months of distinctive global analysis
Photovoltaics International is now included.
Regular insight and analysis of the industry’s biggest developments
In-depth interviews with the industry’s leading figures
Unlimited digital access to the PV Tech Power journal catalogue
Unlimited digital access to the Photovoltaics International journal catalogue
Access to more than 1,000 technical papers
Discounts on Solar Media’s portfolio of events, in-person and virtual
Or continue reading this article for free
With the completion of this acquisition, valued at around US$325 million, Actis now owns three energy generation platforms in India, alongside BluPine Energy and Athena Renewables.
The investor also now operates more than 5.5GW of renewable energy capacity across Asia. Last year, Actis subsidiary Nozomi Energy acquired a 312MW solar portfolio in Japan, while Actis directly entered a partnership with a 3.5GW, 4.5GWh solar-plus-storage project in the Philippines.
“The Indian economy is continuing to grow rapidly and its energy transition is accelerating apace, with the government aiming to secure 50% of the country’s electricity from renewables by 2030,” said Abhiskeh Bansal, partner of energy infrastructure at Actis.
“This environment is therefore creating ample opportunities, especially for an investor such as Actis with expertise in driving efficiency and creating value in this market.”
India’s renewable energy sector has seen considerable growth in recent months, with the government tendering a record 73GW of utility-scale renewable energy capacity in 2024. However, questions remain regarding the upstream components of the Indian solar supply chain, after the Ministry of New and Renewable Energy (MNRE) said that products that use imported wafers would not be classified as ‘domestically produced’, as India looks to incentivise investment in its domestic PV manufacturing sector.
Read Next
This would be treble the installations registered globally in 2024, with China controlling most of the supply chain.
PV Talk: Prabhakar Sharma from JMK Research talks to PV Tech Premium on the challenges of realising the potential of India’s renewable energy tenders.
Under this new domestic content requirement, solar PV cells based on crystalline-silicon technology would be considered to be domestically manufactured only if they used undiffused silicon wafers.
Osaka Gas has partnered with Clean Max Enviro Energy Solutions to form a JV to develop a 400MW renewable energy portfolio in India.
Juniper Green Energy has commissioned a 100MW solar project in India that will supply electricity to the neighbouring country of Bhutan.
Avaada Electro has commissioned a 1.5GW module manufacturing facility in Noida, in the northern Indian state of Uttar Pradesh.
Subscribe to Newsletter
Most Read
Upcoming Events
Renaissance Dallas Addison Hotel, Dallas, Texas
Media Partners , Solar Media Events
Media Partners , Solar Media Events
PV Tech is part of the Informa Markets Division of Informa PLC
This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.
Copyright © 2025. All rights reserved. Informa Markets, a trading division of Informa PLC.
https://www.pv-tech.org/actis-acquires-stride-climate-investments-371mw-solar-portfolio/
