October 1, 2026: Actis has launched its fourth renewable energy platform in India, targeting more than 3 GW of solar, onshore wind and battery energy storage capacity. Named Leo Energies, the new platform will combine acquisitions of operating projects with opportunities to develop new renewable energy assets.

However, Actis has not disclosed the planned capacity breakdown across these technologies.

Actis says the new platform has already signed agreements to acquire approximately 650 MW of solar capacity. It is spread across Rajasthan, Tamil Nadu, Gujarat, Karnataka and Andhra Pradesh.

All projects are expected to be operational at the time of acquisition. Of the planned acquisitions, approximately 160 MW of generation capacity and 50 MWh of battery energy storage system (BESS) projects have reached financial close. This includes 110 MW of solar and 50 MWh of BESS projects acquired from TrueRE Oriana Power.

The projects are backed by long-term power purchase agreements (PPAs) with central offtakers, state distribution companies and commercial and industrial (C&I) customers, according to Actis.

Before Leo Energies, the other renewable energy platforms of Actis in India included Ostro Energy, Sprng Energy and BluPine Energy. While it sold Sprng Energy to Shell, Actis launched BluPine Energy in 2022 and continues to scale it up. BluPine’s total capacity has since surpassed 3 GW.

(Source: Taiyang News)