Actis bolsters its Indian renewables footprint through acquisition of Stride’s 371MW portfolio

 

Actis, a leading global investor in sustainable infrastructure, has acquired a 100% stake in Stride Climate Investments (“Stride”), a solar generation asset portfolio in India, from a fund managed by Macquarie Asset Management.

 

The deal sees Actis take charge of Stride’s 371MW (414MWp) portfolio of operating solar PV assets spread across 21 projects in 7 states, the majority of which are concentrated in the state of Gujarat. The Stride portfolio, which has close to a decade of demonstrated track record, features long-term pay-as-produce power purchase agreements with a diversified pool of off-takers, from central and state governments as well as the private sector, and a distributed asset base.

 

Actis has deployed more than US$7.1 billion in Asia since inception across different strategies and, as a leading energy investor, has built or operated more than 8GW of installed capacity in the region, including more than 5.5GW of renewables.

 

With this acquisition, Stride joins BluPine Energy and Athena Renewables to become Actis’ third current energy generation platform in India.

 

Adrian Mucalov, Partner, Head of Long Life Infrastructure at Actis, said: “The acquisition of Stride aligns nicely with Actis’ long life infrastructure investment approach. The business has a 10-year operating history, compelling cash generation and low existing leverage. We believe Stride offers strong prospects to deliver cash yields to investors while also being in a dynamic, rapidly growing market.”

 

Abhishek Bansal, Partner, Energy Infrastructure at Actis, commented: “Actis has a long experience of successful investment in the Indian renewable energy sector, exemplified by Ostro Energy and Sprng Energy previously as well as by our current renewables platforms. The Indian economy is continuing to grow rapidly and its energy transition is accelerating apace, with the government aiming to secure 50 percent of the country’s electricity from renewables by 2030. 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.”

  • Related Posts

    NH7 WEEKENDER CO-PRESENTED BY THE HOUSE OF MCDOWELL’S SODA, BRINGS MUSIC YAARI AND UNFORGETTABLE MOMENTS TO NOIDA

    India’s Happiest Music Festival set the stage for soul stirring from Chaar Diwari, Seedhe Maut and others – making it a night of friendship, connection and tunes   For the…

    Škoda Auto and regional partner and investor, Thanh Cong Group, open plant to assemble Škoda Kushaq and Slavia in Vietnam

      ›     Škoda Auto and regional partner Thanh Cong Group begin local assembly in Vietnam: The Kushaq and Slavia models are assembled from completely knocked down (CKD) kits imported from…

    You Missed

    NH7 WEEKENDER CO-PRESENTED BY THE HOUSE OF MCDOWELL’S SODA, BRINGS MUSIC YAARI AND UNFORGETTABLE MOMENTS TO NOIDA

    • By editor
    • March 31, 2025
    • 27 views
    NH7 WEEKENDER CO-PRESENTED BY THE HOUSE OF MCDOWELL’S SODA, BRINGS MUSIC YAARI AND UNFORGETTABLE MOMENTS TO NOIDA

    Škoda Auto and regional partner and investor, Thanh Cong Group, open plant to assemble Škoda Kushaq and Slavia in Vietnam

    • By editor
    • March 29, 2025
    • 52 views
    Škoda Auto and regional partner and investor, Thanh Cong Group, open plant to assemble Škoda Kushaq and Slavia in Vietnam

    Delhi’s Sleep Crisis: Late nights, tired mornings

    • By editor
    • March 29, 2025
    • 42 views
    Delhi’s Sleep Crisis: Late nights, tired mornings

    Myprotein’s Move Club Extends to Noida with a 3K Community Run

    • By editor
    • March 29, 2025
    • 38 views
    Myprotein’s Move Club Extends to Noida with a 3K Community Run

    India must overcome TB to help its population move from social stigma to a graceful living

    • By editor
    • March 29, 2025
    • 48 views

    Lubrizol Amplifies India Commitment with Local Technology and Innovation Center

    • By editor
    • March 28, 2025
    • 55 views
    Lubrizol Amplifies India Commitment with Local Technology and Innovation Center