Actis has signed an agreement to acquire a majority stake in Levanta Renewables, a leading Vietnam and Southeast Asia-focused renewables platform.
Levanta has 300 MW of onshore wind power projects in advanced stages of development. Actis will build on Levanta’s pipeline and apply its proven buy-and-build strategy to scale the business into a 1.5 GW renewable platform across Southeast Asia. The acquisition is Actis’ first energy infrastructure investment in Vietnam, and will support the country’s target to achieve net-zero by 2050. Actis’ contribution to the deployment of renewable technologies will be a key enabler of Vietnam and Southeast Asia’s energy transition. The transaction will be funded through Actis’ Energy 5 Fund. Closing of the transaction is expected in the third quarter of 2022.