Actis to buy Fortum’s 500 MW solar power plants in India
Actis, the global infrastructure investment firm, has acquired 500 MW Indian assets of Finland based solar power producer Fortum.
Fortum has signed an agreement to divest the 250-MW Pavagada II and the 250-MW Rajasthan solar power plants in India, said a company statement.
The total consideration from the divestment on a debt and cash-free basis, including the effect of deconsolidating of the net debt, is expected to be approximately EUR 280 million ($333 million).
