Actis eyes sale of its green energy platform Sprng Energy

08 Mar 2021 CW Staff

UK-based private equity fund manager Actis, which invests exclusively in the world's growth markets, intends to divest its Indian renewable energy platform Sprng Energy in 2022, according to media sources.

Sprng Energy's portfolio amounts to 1,741.5 MW of total capacity, including 194 MW of solar parks in operation, as well as 750 MW of solar and 797.5 MW of wind projects that are currently being implemented, the report said.

According to Actis, the company will have between 2,000 MW and 2,400 MW of operating plants by the time of the platform's planned sale.

4th Indian Cement Review Conference 2021

17-18 March

Click for event info

In 2018, Actis PE closed a similar transaction involving the sale of another Indian renewable energy platform, namely Renew Power and Ostro Energy Pvt Ltd.

Sprng Energy is an India based renewable energy platform set up by Actis, with a total commitment of Rs 3,285 crore of equity from Actis Energy Fund 4 to set up 2 GW renewable energy capacity (solar and wind), which is 1.1% of the 175 GW target set up by the Ministry of New and Renewable Energy (MoNRE) of renewable energy capacity by 2020.

The platform has 750 MW (AC) solar projects and 797.5 MW of wind power projects under execution, and 194 MW (AC) solar projects under operation, cumulating to a total of 1741.5 MW projects in the country.

Image Source

Also read: Rise in renewable energy M&A deals in India

Real Estate

04 Sep 2025

Mumbai Records 11,230 Property Deals in August 2025

Mumbai’s property market remained resilient in August 2025, with 11,230 property registrations recorded under the Brihanmumbai Municipal Corporation (BMC) jurisdiction, according to data released by Knight Frank India. While this marks a 3 per cent year-on-year (YoY) decline compared to 11,631 registrations in August 2024, activity stayed robust despite the marginal dip.On a month-on-month (MoM) basis, registrations fell 11 per cent from 12,579 deals in July 2025, indicating seasonal moderation. However, the city’s stamp duty collections still reached Rs 10 billion, reflecting a 6 per cent..

68 Jammu-Katra Trains Cancelled Amid Rain Damage

Jammu and Katra railway services remain severely affected as Northern Railway announced the cancellation of 68 trains—both incoming and outgoing—until 30 September, due to extensive track damage caused by heavy rains and flash floods. Meanwhile, 24 trains are scheduled to resume operations gradually.The Jammu railway division has experienced a complete halt in services for the past eight days, following track misalignment and breaches at several points along the Pathankot–Jammu section. Torrential rainfall since 26 August led to widespread flooding and damage, stranding hundreds of passe..

Bangalore Metro MD Reviews Reach 6 and Phase 2A Progress

Bangalore Metro Rail Corporation Limited (BMRCL) Managing Director, Dr J Ravishankar, IAS, conducted inspections of key metro corridors on 29 and 30 August, reviewing the progress of Reach 6 (Pink Line) and Phase 2A (Blue Line).On 30 August, the inspection covered Reach 6, a 21.39-km corridor stretching from Kalena Agrahara to Nagawara, with 18 stations. This stretch is part of Phase 2 of the Bangalore Metro project. Dr Ravishankar assessed the status of civil works, finishing, track laying, and system integration between Kalena Agrahara and MG Road.Earlier, on 29 August, the MD inspected Phas..