Actis Expands in India with 371-MW Solar Acquisition

• Actis boosts India's solar energy landscape with Stride Climate Investments acquisition, reinforcing its commitment to sustainable infrastructure and clean energy transition.

Actis, a sustainable infrastructure investor, has expanded its presence in India's renewable energy sector by acquiring Stride Climate Investments. This acquisition includes a 371-MW/414-MWp operating solar portfolio, previously owned by a Macquarie fund.

The move underscores Actis's commitment to enhancing its renewable energy footprint in India, a key market for solar energy development. The acquisition aligns with Actis's strategy to invest in sustainable infrastructure and support the transition to clean energy in the region.

How Does Actis's Acquisition of Stride Climate Investments Impact India's Solar Energy Sector?

• Strengthens Actis's Position: The acquisition solidifies Actis's position as a major player in India's renewable energy sector, enhancing its portfolio and influence in the market.
• Boosts Solar Capacity: By acquiring a 371-MW/414-MWp solar portfolio, Actis significantly increases its solar energy capacity, contributing to India's renewable energy targets.
• Encourages Investment: The move may attract further investment in India's solar sector by demonstrating confidence in the market's growth potential and stability.
• Supports Energy Transition: Actis's investment aligns with India's goals to transition to cleaner energy sources, helping to reduce reliance on fossil fuels and lower carbon emissions.
• Enhances Technological Advancements: With increased resources, Actis can invest in advanced solar technologies and innovations, potentially improving efficiency and reducing costs.
• Job Creation: The expansion of solar projects can lead to job creation in construction, maintenance, and operations, boosting local economies.
  
• Promotes Sustainable Development: Actis's focus on sustainable infrastructure supports broader environmental and social goals, contributing to sustainable development in India.
• Increases Energy Security: Expanding solar capacity enhances energy security by diversifying energy sources and reducing dependence on imported fuels.
• Facilitates Policy Support: The acquisition may encourage supportive government policies and incentives for renewable energy, fostering a more favorable environment for future projects.