PE firm Actis eyes GIP’s Indian clean energy platform Vector Green Energy

PE firm Actis eyes GIP’s Indian clean energy platform Vector Green Energy

Photo: Science in HD / Unsplash

Private equity firm Actis Llp has shown an interest in acquiring US-based Global Infrastructure Partners’ (GIP) Indian clean energy platform Vector Green Energy, two people aware of the development said.

The potential deal is expected to have an equity value of around $300 million, the people said on condition of anonymity, which comes at a time when India’s solar power tariffs are rising again.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter