PE firm Actis inks deal to buy Fortum’s 500 MW solar projects in India for $334m

Private equity firm Actis Llp has inked an agreement to buy 500 megawatts of solar projects in India owned by Finland’s state-controlled power utility Fortum Oyj for around Euro 280 million, the firms said in a joint statement on Tuesday.

Mint reported on 18 May about the proposed transaction with Actis close to buying Fortum’ solar projects. The deal also saw Actis, Canada’s Brookfield Asset Management Inc. and Edelweiss Infrastructure Yield Plus Fund’s Sekura Energy Ltd submitting separate bids.

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