Actis Takes Majority Stake in Brazilian Wind Energy Producer
September 09, 2013
Global PE firm Actis has bought 60% of Atlantic Energias Renovaveis, a Brazilian renewable energy company, for an initial commitment of $169 million. Atlantic is a renewable energy platform that has 220 MW of projects with long-term PPAs and a proprietary land bank with 1.8 GW of wind potential. Actis expects to invest another $100 million into the company over the next five years to increase its total installed renewable power generation capacity.