Actis Acquires Stride Climate Investments in Green Energy Push
27 Mar 2025
2 Min Read
CW Team
Actis, a global investor in sustainable infrastructure, has acquired full ownership of Stride Climate Investments, a solar power portfolio in India, from a fund managed by Macquarie Asset Management.
The deal sees Actis assume control of Stride’s 371 MW portfolio, comprising 21 operational solar projects across seven states, the majority situated in Gujarat. The portfolio benefits from long-term pay-as-produced power purchase agreements with a diverse range of off-takers, including central and state governments as well as private sector entities, according to a statement from Actis.
Green energy investments in India have gained momentum in recent years, with the government targeting 500 GW of installed non-fossil-fuel capacity by 2030. Official estimates indicate that achieving this goal will require an investment of approximately Rs42 trillion.
On 28 January 2025, Mint reported that General Atlantic-owned Actis LLP had signed a sales and purchase agreement (SPA) to acquire Macquarie Group Ltd’s green energy platform, Stride Climate Investments, for an enterprise value of around $325 million. However, Monday’s statement did not disclose the transaction value.
Actis, a leading energy investor, has deployed over $7.1 billion in Asia, building or operating more than 8GW of installed capacity, including over 5.5GW in renewables.
Adrian Mucalov, Partner and Head of Long Life Infrastructure at Actis, stated, “The acquisition of Stride aligns well with Actis’s long-life infrastructure investment strategy. The business has a 10-year operational track record, robust cash generation, and low existing leverage. We believe Stride presents strong prospects for delivering cash yields to investors while operating in a dynamic, rapidly growing market.�
Expanding Renewable Investments
Highlighting Actis’s commitment to India’s renewable energy sector, Abhishek Bansal, Partner for Energy Infrastructure at Actis, remarked, “Our experience with successful investments in Ostro Energy and Sprng Energy, along with our current renewables platforms, reinforces our confidence in India’s energy transition. With the government striving to secure 50% of the country’s electricity from renewables by 2030, there is immense potential for value creation in this space.�
Macquarie Group, one of India’s largest foreign infrastructure investors, has been active in the country since 2008, deploying $2.5 billion in equity capital across energy transition, infrastructure, and digital communications.
Actis, a global investor in sustainable infrastructure, has acquired full ownership of Stride Climate Investments, a solar power portfolio in India, from a fund managed by Macquarie Asset Management.
The deal sees Actis assume control of Stride’s 371 MW portfolio, comprising 21 operational solar projects across seven states, the majority situated in Gujarat. The portfolio benefits from long-term pay-as-produced power purchase agreements with a diverse range of off-takers, including central and state governments as well as private sector entities, according to a statement from Actis.
Green energy investments in India have gained momentum in recent years, with the government targeting 500 GW of installed non-fossil-fuel capacity by 2030. Official estimates indicate that achieving this goal will require an investment of approximately Rs42 trillion.
On 28 January 2025, Mint reported that General Atlantic-owned Actis LLP had signed a sales and purchase agreement (SPA) to acquire Macquarie Group Ltd’s green energy platform, Stride Climate Investments, for an enterprise value of around $325 million. However, Monday’s statement did not disclose the transaction value.
Actis, a leading energy investor, has deployed over $7.1 billion in Asia, building or operating more than 8GW of installed capacity, including over 5.5GW in renewables.
Adrian Mucalov, Partner and Head of Long Life Infrastructure at Actis, stated, “The acquisition of Stride aligns well with Actis’s long-life infrastructure investment strategy. The business has a 10-year operational track record, robust cash generation, and low existing leverage. We believe Stride presents strong prospects for delivering cash yields to investors while operating in a dynamic, rapidly growing market.�
Expanding Renewable Investments
Highlighting Actis’s commitment to India’s renewable energy sector, Abhishek Bansal, Partner for Energy Infrastructure at Actis, remarked, “Our experience with successful investments in Ostro Energy and Sprng Energy, along with our current renewables platforms, reinforces our confidence in India’s energy transition. With the government striving to secure 50% of the country’s electricity from renewables by 2030, there is immense potential for value creation in this space.�
Macquarie Group, one of India’s largest foreign infrastructure investors, has been active in the country since 2008, deploying $2.5 billion in equity capital across energy transition, infrastructure, and digital communications.
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