Actis acquires Stride Climate Investments and 371MW solar portfolio

Facebook
Twitter
LinkedIn
Reddit
Email
An Actis solar project.
Actis operates more than 5.5GW of renewable energy capacity across Asia. Image: Actis.

Renewable energy infrastructure investor Actis has acquired Stride Climate Investments, from the Macquarie Group, and with it a 371MW portfolio of operating solar assets in India.

The portfolio consists of 21 projects across seven states, including Gujarat on the west coast of India. These projects have “long-term pay-as-produce” power purchase agreements (PPAs) in place, according to Actis, with both private partners and state and central governments.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

With the completion of this acquisition, valued at around US$325 million, Actis now owns three energy generation platforms in India, alongside BluPine Energy and Athena Renewables.

The investor also now operates more than 5.5GW of renewable energy capacity across Asia. Last year, Actis subsidiary Nozomi Energy acquired a 312MW solar portfolio in Japan, while Actis directly entered a partnership with a 3.5GW, 4.5GWh solar-plus-storage project in the Philippines.

“The Indian economy is continuing to grow rapidly and its energy transition is accelerating apace, with the government aiming to secure 50% of the country’s electricity from renewables by 2030,” said Abhiskeh Bansal, partner of energy infrastructure at Actis.

“This environment is therefore creating ample opportunities, especially for an investor such as Actis with expertise in driving efficiency and creating value in this market.”

India’s renewable energy sector has seen considerable growth in recent months, with the government tendering a record 73GW of utility-scale renewable energy capacity in 2024. However, questions remain regarding the upstream components of the Indian solar supply chain, after the Ministry of New and Renewable Energy (MNRE) said that products that use imported wafers would not be classified as ‘domestically produced’, as India looks to incentivise investment in its domestic PV manufacturing sector.

Read Next

October 8, 2025
Saatvik Green Energy has secured new solar PV module orders worth more than INR7 billion (US$84 million), to be delivered in this financial year.
October 7, 2025
Juniper Green Energy through its subsidiary Juniper Green Sigma Eight has signed a 70MW power purchase agreement with renewable energy giant Tata Power. 
October 6, 2025
Indian infrastructure company focused on rooftop and ground-based solar power installations, PVV Infra has secured solar power orders worth INR7.9 billion (US$90 million) through two of its subsidiaries. 
October 6, 2025
Indian solar developer ACME Group has established a new subsidiary to manage its renewable equipment manufacturing business, under which it is planning to scale production of TOPCon PV modules.
October 6, 2025
Rajasthan government will develop 500MW/2,000MWh of standalone battery energy storage systems (BESS) with a four-hour single-cycle configuration and extended operational life.
October 2, 2025
The Indian solar industry has 86GW and 182GW of solar cell and module manufacturing capacity, respectively, expected to be commissioned by 2027.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK