Actis bags US$1.23bn for new clean energy investment fund

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
ALLIF wants to invest in the El Pelicano PV plant, which Actis purchased from SunPower in Jan. 2018. Source: SunPower

London-based renewables investor Actis has raised US$1.23 billion for a new investment fund destined for existing infrastructure assets in emerging markets, starting with its own 100MW PV plant in Chile.

The Actis Long Life Infrastructure Fund (ALLIF) is already eying a pipeline of US$8 billion and committed to investing in Brazilian wind assets and the Actis-owned El Pelicano PV plant in the Atacama region of Chile, according to a company release.

Actis purchased the 100MW plant from SunPower, which continues to maintain and operate the installation, in January 2018. The farm is contracted to provide power to the Santiago metro system.

The new fund can deploy a total of US$2 billion in funding, according to the company. It will be spearheaded by Glen Matsumoto, head of infrastructure projects at Actis, and has been backed by investors from North America, Europe, Latin America, Middle East and Asia.

Actis spun off from the CDC Group, a UK government-backed development finance institution targeting the Commonwealth, in 2004. It claims to have sunk more than US$5 billion into 25GW of total energy capacity to date.

Actis' portfolio company, Atlas Renewable Energy, landed a long-term PPA agreement with utility Engie Energía, which will help support the development of a 230MW-plus solar farm in Chile, in mid-August.

Read Next

February 24, 2021
Microinverter supplier to use proceeds to repurchase notes due 2024 and 2025 as well as other corporate purposes
February 23, 2021
Mytilineos is looking to transfer its global experience of solar and storage project development to help decarbonise the Greek electrical system and hit 3GW of PV capacity by 2030.
February 19, 2021
Green energy group Mainstream Renewable Power and Norway’s Acker Clean Hydrogen have signed a letter of intent to explore the development of green hydrogen and producing ammonia in Chile.
February 15, 2021
Longroad Energy to acquire ~900MWdc of solar, with battery storage additions also to be considered.
February 11, 2021
Oil and gas major Shell has said it will spend between US$2 billion and US$3 billion on renewables and energy solutions annually to help it attain net zero status by 2050.
February 8, 2021
Major inverter manufacturer SMA Solar Technology has reported preliminary full-year 2020 financial results which met the low end of guidance but also reported a slight decline in fourth quarter sales coupled to plummeting gross margins.

Subscribe to Newsletter

Upcoming Events

Solar Media Events, Upcoming Webinars
March 9, 2021
Solar Media Events
March 17, 2021
Solar Media Events
April 13, 2021
Solar Media Events
April 20, 2021