Actis has plans to acquire a majority stake in Levanta Renewables, a renewables platform focused on Vietnam and the rest of Southeast Asia.
Levanta has 300 megawatts of onshore wind power projects in advanced development. With Vietnam as the anchor market, Actis will build out Levanta’s pipeline to scale the business into a 1.5-gigawatt renewable platform across Southeast Asia. The platform will deliver power to a range of offtakers, including C&I customers.
Levanta represents Actis’ first energy infrastructure investment in Vietnam. The firm’s contribution to the deployment of renewable technologies in this market will be a key enabler of Vietnam and Southeast Asia’s energy transition.
“We are excited to be making our first energy infrastructure investment in Vietnam, a country which leads the way in Southeast Asia for renewable energy deployment and which has committed to net-zero by 2050,” said Rahul Agrawal, director energy infrastructure at
