Actis’ Levanta Renewables acquires 90% stake in Thailand’s solar portfolio

Levanta Renewables, a renewable energy developer and Southeast Asian independent power producer, has acquired a 90 percent controlling stake in a 139.4-megawatt 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 in Thailand and Vietnam, and Super Energy Group Co., a subsidiary of Super Energy.

The investment marks Levant’s first transaction and entry into the Thai market and is a key step towards achieving its goal of achieving 1.5 gigawatts of operational capacity across Southeast Asia.

“Entering the Thai energy sector is 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 develop C&I solar projects in the country. We intend to leverage this acquisition