Actis raises over $4.7 bn, plans $850 mn investment in India

18 Oct 2021 CW Team

With more than $4.7 billion of fund commitments and co-investment, Actis aims to use about $6 billion of investable capital in this vintage, as per the company statement.

Actis, the global infrastructure investor, has achieved fundraising for Actis Energy 5 (AE5).

The fund intends to deploy $850 million Of the total amount raised in India in the coming four to five years. Actis has a significant track record of funding in Indian renewables, where it has financed $800 million in the past seven years to set up Ostro Energy and Sprng Energy with 3 GW of solar and wind capacity.

The LP (limited partner or investor) base of the new fund involves pension funds, insurance firms, sovereign wealth funds, endowments and other investors from across the world, it added.

Sanjiv Agarwal, Partner Actis & Head of Energy for Asia, told the media that they are happy to have completed this fundraising. They are dedicated to the Indian renewable sector and will remain to be a notable investor in Indian green energy.

The UK based Actis had marketed its clean energy platform in India - Ostro Energy to ReNew Power Ventures in 2018 at an enterprise cost of $1.5 billion. Currently, Actis plans to market its India clean energy platform Sprng Energy and has mandated Bank of America to find a purchaser.

After it successfully sold its clean energy platform Ostro Energy three years back, Actis has obligated Bank of America to officially begin a formal process to divest Sprng Energy for an enterprise valuation of $2.5-$2.75 billion.

Actis Fund 4 installed Sprng Energy with an equity commitment of $450 million in March 2017 for renewable sector investments in India. The platform presently has an operational portfolio of 1.7 GW (750 MW of solar and 797 MW of wind energy projects). Additionally, 194 MW of solar power projects are under construction.

India has drawn investments of about Rs 1.32 lakh crore in the renewable energy sector in the last three years since 2017. Presently India’s established renewable energy capacity is approximately 95 GW comprising 40.5 GW of solar power.

Image Source

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

With more than $4.7 billion of fund commitments and co-investment, Actis aims to use about $6 billion of investable capital in this vintage, as per the company statement. Actis, the global infrastructure investor, has achieved fundraising for Actis Energy 5 (AE5). The fund intends to deploy $850 million Of the total amount raised in India in the coming four to five years. Actis has a significant track record of funding in Indian renewables, where it has financed $800 million in the past seven years to set up Ostro Energy and Sprng Energy with 3 GW of solar and wind capacity. The LP (limited partner or investor) base of the new fund involves pension funds, insurance firms, sovereign wealth funds, endowments and other investors from across the world, it added. Sanjiv Agarwal, Partner Actis & Head of Energy for Asia, told the media that they are happy to have completed this fundraising. They are dedicated to the Indian renewable sector and will remain to be a notable investor in Indian green energy. The UK based Actis had marketed its clean energy platform in India - Ostro Energy to ReNew Power Ventures in 2018 at an enterprise cost of $1.5 billion. Currently, Actis plans to market its India clean energy platform Sprng Energy and has mandated Bank of America to find a purchaser. After it successfully sold its clean energy platform Ostro Energy three years back, Actis has obligated Bank of America to officially begin a formal process to divest Sprng Energy for an enterprise valuation of $2.5-$2.75 billion. Actis Fund 4 installed Sprng Energy with an equity commitment of $450 million in March 2017 for renewable sector investments in India. The platform presently has an operational portfolio of 1.7 GW (750 MW of solar and 797 MW of wind energy projects). Additionally, 194 MW of solar power projects are under construction. India has drawn investments of about Rs 1.32 lakh crore in the renewable energy sector in the last three years since 2017. Presently India’s established renewable energy capacity is approximately 95 GW comprising 40.5 GW of solar power. Image Source

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

Infrastructure Transport

05 Sep 2025

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Infrastructure Transport

05 Sep 2025

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..