Actis starts sale process for Sprng Energy, to appoint i-banker shortly

Actis starts sale process for Sprng Energy, to appoint i-banker shortly

Renewable energy/Illustration/ Internet Archive

In what may rank among the largest green energy deals in India, private equity firm Actis Llp has started the sale process of its renewable energy platform in India—Sprng Energy—and will be shortly appointing a banker for the proposed sale, said two people aware of the development.

Sprng Energy is expected to have an operational portfolio of 1.7 gigawatt (GW) by year end and has 400 MW under construction. It has a 2.5 GW pipeline.

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