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Actis’ Levanta Renewables acquires 90% shareholding in solar portfolio in Thailand
Transactions - JULY 8, 2024

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Actis’ Levanta Renewables acquires 90% shareholding in solar portfolio in Thailand

by Released

Levanta Renewables, Actis’ renewable-energy developer and independent power producer in Southeast Asia, has acquired a 90 percent controlling shareholding in a 139.4-megawatts-peak solar project portfolio in Thailand. Financial terms were not disclosed.

The projects were acquired from Super Energy Corporation Public Co., a Thai renewable-energy developer with operations across Thailand and Vietnam, and Super Energy Group Co., a subsidiary of Super Energy.

The investment marks Levanta’s first transaction and entry into the Thai market and serves as a key step toward its goal of achieving 1.5 gigawatts of operating capacity across Southeast Asia.

“The entrance into the Thai energy sector forms an important part of Levanta’s business plan,” said Sudhir Nunes, CEO of Levanta Renewables. “Earlier this year, we established an office in Bangkok and recruited a local team to pursue C&I solar projects in the country. We intend to leverage this acquisition

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