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Levanta Renewables secures majority investment from Actis in its Southeast Asia renewables platform
Levanta Renewables secures majority investment from Actis in its Southeast Asia renewables platform

Levanta Renewables has signed an agreement to sell a majority stake to Actis, a leading global investor in sustainable infrastructure.

Levanta Renewables secures majority investment from Actis in its Southeast Asia renewables platform

Levanta Renewables (“Levanta”), a leading Vietnam and Southeast Asia-focused renewables platform, has signed an agreement to sell a majority stake to Actis, a leading global investor in sustainable infrastructure.

Founded by Sudhir Nunes, who has significant experience in executing renewable power projects, Levanta has 300MW of onshore wind power projects in advanced development. With Actis as its strategic partner, Levanta will leverage Actis’ proven buy-and-build strategy to scale its business into a 1.5GW renewable platform across Southeast Asia with onshore wind, ground mounted solar and commercial and industrial (C&I) rooftop solar projects and a strong focus on Vietnam, where Levanta will acquire high quality operating projects and develop greenfield and brownfield projects. Levanta aims to deliver power to a range of offtakers, including state and private power companies and C&I customers.

The acquisition, Actis’ first Energy Infrastructure investment in Vietnam, will support the country’s national climate target to achieve Net-Zero by 2050. Actis’ contribution to the deployment of renewable technologies in this market will be a key enabler of Vietnam and Southeast Asia’s Energy Transition.

Levanta will work in partnership with Actis’ in-house Sustainability team to establish world-class ESG standards across the business and will report on positive impact using the Actis Impact Score™, Actis’ proprietary framework measuring the positive social and environmental impacts of its investments, closely aligned to the UN Sustainable Development Goals. With Actis having recently joined the Global Wind Energy Council’s (GWEC) Board and Levanta being an active member of GWEC, Actis and Levanta will draw on their considerable experience stewarding renewable energy projects to deliver clean power across the region.

I’m delighted to be partnering with Actis, a world-class builder and operator of sustainable infrastructure with a proven track record in delivering renewable energy to countries and communities where it is needed most. Vietnam committed to decarbonising its energy supply at Cop 26 and we will actively support Vietnam and Southeast Asia’s Energy Transition through the execution of our existing onshore wind projects in Vietnam and future solar and wind projects in the region. I would also like to thank our partners at SEACEF and SCAF for all the support that they have provided us along the way.
Sudhir Nunes Founder and Managing Director, Levanta Renewables
We are excited to be making our first Energy Infrastructure investment in Vietnam, a country which leads the way in Southeast Asia for renewable energy deployment and which has committed to Net-Zero by 2050. Our proven experience as builders and operators of sustainability leaders will allow us to support the low carbon transition in Vietnam and Southeast Asia, a region in which the energy supply is traditionally heavily dependent on fossil fuels such as coal, oil, and gas. We look forward to working with Sudhir and the established team at Levanta as we accelerate our plan to build 1.5GW of wind and solar energy capacity.
Rahul Agrawal Director Energy Infrastructure, Actis

About Levanta Renewables

Levanta Renewables is an established utility-scale renewable energy developer and operator with a focus on Vietnam and Southeast Asia, managed by a team with proven capabilities and a successful track record of developing and constructing 867 MW of onshore wind energy projects in Asia.

www.linkedin.com/company/levantarenewables/

 

About Actis

Actis is a leading global investor in sustainable infrastructure. We deliver competitive returns for institutional investors and measurable positive impact for countries, cities, and communities in which we operate. Our global experience, operational knowhow and strong culture allow us to create global sustainability leaders. We do it at scale. And have been doing so for decades. Since inception, we have raised US $24 billion to invest in a better tomorrow.

Actis is a signatory to the United Nations backed Principles for Responsible Investment (UNPRI), an investor initiative developed by the UNEP FI and the UN Global Compact. The firm has consistently been awarded the highest rating score in the UN Principles for Responsible Investment (PRI) independent assessment.

www.act.is

Learn more about Actis’ Impact Measurement Framework and Transition Tool here:

www.act.is/sustainability/