Actis LLP eyeing profitable exit from renewables firm Ostro Energy

Actis LLP eyeing profitable exit from renewables firm Ostro Energy

Global private equity fund Actis LLP is exploring the sale of Ostro Energy Pvt. Ltd, a successful renewable energy company it owns, at a premium.

In February 2015, Actis committed $230 million to create renewable energy platform Ostro Energy in India to leverage the opportunities offered by the country’s emerging green economy.

Ostro Energy adopted an aggressive approach, becoming one of the firms that bid a record low wind energy tariff of Rs3.46 per kWh in a 1 gigawatt (GW) tender by state-run Solar Energy Corporation of India (SECI) in February to win a 250-megawatt (MW) project. Read More…

 

 

Credit By: Live Mint

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