Actis acquires Stride Climate’s 371 MW solar portfolio in India

Actis, a global investor in sustainable infrastructure, has acquired the entire operating portfolio of Stride Climate Investments, consisting of 371 MW (414 MWp) of solar power projects in India. 

The deal was finalized with Macquarie Asset Management, which previously managed the portfolio.

The portfolio includes 21 solar projects spread across seven states, with a significant concentration in Gujarat. These projects operate under long-term pay-as-produce power purchase agreements with a diverse set of off-takers, including central and state governments as well as private entities.

Actis has been a major player in the energy sector, having deployed over US$7.1 billion in Asia and built or operated more than 8 GW of installed capacity, including 5.5 GW of renewables.

With this acquisition, Stride becomes Actis’ third active energy generation platform in India, joining BluPine Energy and Athena Renewables.