Connect with us

Hi, what are you looking for?

CleanTechnica
Despite the record-breaking solar power bids for large-scale solar power projects which have raised concerns about the financial viability of such projects, foreign investors continue to scout for investments opportunities in the Indian solar market.

Green Economy

PE Fund Actis Plans $500 Million Investment In Indian Solar Market

Despite the record-breaking solar power bids for large-scale solar power projects which have raised concerns about the financial viability of such projects, foreign investors continue to scout for investments opportunities in the Indian solar market.

Despite the record-breaking solar power bids for large-scale solar power projects which have raised concerns about the financial viability of such projects, foreign investors continue to scout for investments opportunities in the Indian solar market.

Private equity fund Actis is reportedly looking to invest $500 million in the Indian solar power market. The target of this investment would be Solenergi Power, one of the winners of the 750 megawatts (MW) Rewa solar power tender.

Solenergi Power had secured 250 MW capacity in the Rewa solar power park at the joint-lowest tariff of the time, Rs 3.30/kWh (5.1¢/kWh), levelised for a period of 25 years. The project will be located in the state of Madhya Pradesh and is perhaps the most incentivised solar project in India in terms of debt finance, options to sell power, and land availability.

This will be the second investment by Actis in the Indian renewable energy space. The investment fund previously committed $280 million towards Ostro Energy’s expansion plans. Ostro Energy aims to have an operational base of 1,000 MW by 2019 and currently has assets of 350 MW operational or under construction. 

Ever since the present government increased the renewable energy targets for 2022 several international companies have invested in India. The government has set a target for 100 gigawatts (GW) solar power and 60 GW of wind energy capacity.

The likes of SoftBank, Goldman Sachs, Singapore-based GIC have also invested significantly in Indian renewable energy markets.

Appreciate CleanTechnica’s originality? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.

 
 
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Written By

An avid follower of latest developments in the Indian renewable energy sector.

Comments

#1 most loved electric vehicle, solar energy, and battery news & analysis site in the world.

 

Support our work today!

Advertisement

Power CleanTechnica: $3/Month

Tesla News Solar News EV News Data Reports

Advertisement

EV Sales Charts, Graphs, & Stats

Advertisement

Our Electric Car Driver Report

30 Electric Car Benefits

Tesla Model 3 Video

Renewable Energy 101 In Depth

solar power facts

Tesla News

EV Reviews

Home Efficiency

You May Also Like

Clean Power

In a major boost to its aggressive plans to increase renewable energy generation, India’s largest power generation company has secured approval to set up...

Clean Power

Originally published on Future Trends. Welcome to another issue of our new India x Cleantech series! On a monthly basis, we are pulling news...

Clean Power

India’s largest vertically integrated power company in the private sector has thrown its weight behind renewable energy. The Chairman of Tata Power has announced...

Clean Power

International firms have started expressing interest in setting up solar cell and module production facilities in India following several measures by the government to...

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.