PE firm Actis inks deal to buy Fortum’s 500 MW solar projects in India for $334m
Private equity firm Actis Llp has inked an agreement to buy 500 megawatts of solar projects in India owned by Finland’s state-controlled power utility Fortum Oyj for around Euro 280 million, the firms said in a joint statement on Tuesday.
Create an account to continue reading our free content.
Already have an account? Sign in here
Bring stories like this into your inbox every day.
Sign up for our newsletter – The Daily Brief
Related Stories
The deal will have an equity value upwards of $120m.
The sale process is expected to be completed by March.
The stake sale deal by the third-largest Nordic utility is potentially being valued at about Euro 500 million.
Fortum’s move to seek financial investors reflects growing consolidation in India’s clean energy space.
