Actis acquires 194 MW solar portfolio

Date April 01, 2019
Type M&A Transactions
Subtype Transaction completed
Countries India
Subsectors Photovoltaic
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Sprng Energy has acquired a 194 MW operational solar portfolio from Shapoorji Pallonji Infrastructure Capital (SP Infra). Sprng Energy is an India-focused renewable energy arm of London-based investor Actis. Shapoorji Pallonji is a conglomerate with headquarters in Mumbai.

Sprng Energy will build and operate more than 2GW of wind and solar projects in India. The company has a total equity commitment of US$475 million.

The company has around 450 MW of operating projects in the country and also developing 1,450 MW of wind and solar projects.

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