{"id":415540,"date":"2021-05-18T09:26:22","date_gmt":"2021-05-18T03:56:22","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=415540"},"modified":"2021-05-18T10:21:45","modified_gmt":"2021-05-18T04:51:45","slug":"actis-eyes-majority-stake-in-fortums-solar-projects","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/actis-eyes-majority-stake-in-fortums-solar-projects\/","title":{"rendered":"Actis eyes majority stake in Fortum\u2019s solar projects"},"content":{"rendered":"<p>Private equity firm Actis Llp is close to buyinga majority stake in 500 megawatts of solar projects in India owned by Finland\u2019s state-controlled power utility Fortum Oyj, two people aware of the development said.<\/p>\n<p>Fortum, the third-largest Nordic utility, and Actis are negotiating the share purchase agreement for the deal having an equity value upwards of \u20ac100 million. <\/p>\n<p>Kotak Investment Banking is running the process that saw Actis, Canada\u2019s Brookfield Asset Management Inc. and Edelweiss Infrastructure Yield Plus Fund\u2019s Sekura Energy Ltd submitting separate bids. <\/p>\n<p>In addition to selling 80% stake in existing projects, the deal with an enterprise value of around \u20ac300 million also involves bringing these 500MW solar projects under a new platform, in which Actis will contribute equity to develop projects in India and overseas totalling around 2.5 gigawatts.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Private equity firm Actis Llp is close to buyinga majority stake in 500 megawatts of solar projects in India owned by Finland\u2019s state-controlled power utility Fortum Oyj, two people aware of the development said. Fortum, the third-largest Nordic utility, and Actis are negotiating the share purchase agreement for the deal having an equity value upwards of \u20ac100 million. Kotak Investment Banking is running the process that saw Actis, Canada\u2019s Brookfield Asset Management Inc. and Edelweiss Infrastructure Yield Plus Fund\u2019s Sekura Energy Ltd submitting separate bids. In addition to selling 80% stake in existing projects, the deal with an enterprise value [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,237],"tags":[],"class_list":["post-415540","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-power-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/415540","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=415540"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/415540\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=415540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=415540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=415540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}