Actis’ Levanta sets foot in Thailand with 139.4-MWp solar assets buy

Southeast Asia-focused Levanta Renewables, a portfolio company of UK investment firm Actis, has set foot in Thailand with the acquisition of a majority stake in a 139.4-MWp portfolio of 24 operational solar assets.

The 90% shareholding was purchased from local renewables developer Super Energy Corporation Public Co Ltd (BKK:SUPER) and its subsidiary Super Energy Group Co Ltd for an undisclosed amount, a press statement said today.

The acquired portfolio comprises ground-mounted solar farms spread across four provinces. Each facility has a 25-year power purchase agreement (PPA) with the Provincial Electricity Authority of Thailand.

“We intend to leverage this acquisition to further pursue greenfield and brownfield opportunities for both utility-scale and C&I projects in Thailand. We are also excited to partner with Super Energy on this project portfolio and look forward to further business collaboration between the two sides,” Levanta’s CEO Sudhir Nunes commented.

Actis took over Levanta in August 2022 to serve as a platform for the Southeast Asia region. The Thai investment comes as part of Levanta's push to build a 1.5-GW portfolio of operating capacity across Southeast Asia.

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