Actis buys chunk of SP Infra's solar portfolio

Shapoorji Pallonji Infrastructure Capital (SP Infra) has sold 194 MW of operational solar capacity to Sprng Energy, as a follow-up to its plan to divest part of its portfolio to redeploy capital for new PV projects.Sprng Energy is the renewable energy platform of private equity firm Actis. With SP Infra's assets, Actis has increased its operating capacity to 450 MW in India. "We continue to see large opportunities for the growth of (the) renewable sector and the sale to a discerning infrastructure investor highlights our commitment towards development and operation of high-quality renewable energy ...

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