Global renewables investor Actis has agreed to sell 100% of African independent power producer (IPP) BTE Renewables to French utility giant Engie and investment firm Meridiam for US$1 billion.
Group notes outbreak could see construction contracts postponed but insists it can reach 1GW-by-2020 installed capacity target, amid PV work in Brazil, Portugal, France and others.
Parent Creadev, existing backer Proparco and the EBRD to fund €283m of total capital increase, launched by firm to push PV, wind portfolio from current 1GW.