Dealflow | October 18, 2021

Actis’ sustainable energy infrastructure fund raises $4.7 billion

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, October 18 — London-based Actis has raised $19 billion since 2004 for private equity, energy and real estate investments. The new fund, with co-investors, will deploy $6 billion to create access to power in India, Africa and Latin America; at least $850 million will be invested in India over five years.

A sample investment: a large-scale wind project under construction in Senegal by Lekela Power, one of the firm’s portfolio companies. The 159-megawatt project has potential to help offset around 6 million tons of carbon dioxide and create 600 construction jobs, Actis said.

Actis Energy 5 received commitments from global pension funds, insurance companies, endowments, sovereign wealth funds and others.

Energy access

San Francisco-based Leap, whose global software platform provides market-driven grid services to decarbonize electric grids, scored $33.5 million equity and debt financing to scale its platform to meet growing demand in North American and other international markets.