Levanta Renewables has signed an agreement to sell a majority stake to Actis, a leading global investor in sustainable infrastructure.
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.
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.
Learn more about Actis’ Impact Measurement Framework and Transition Tool here: