Actis Launches Leo Energies to Build 3 GW India Renewable Portfolio

Global investment firm Actis has launched Leo Energies, its fourth renewable energy platform in India, as the company looks to expand its presence in the country's rapidly growing clean energy market.

The new platform will target a portfolio of more than 3 GW across solar, wind and battery energy storage projects.

The launch comes as India continues to attract global investors seeking opportunities in renewable power generation and energy infrastructure.

Actis has previously built several renewable platforms in the country, including Ostro Energy and Sprng Energy, while its current portfolio has included BluPine Energy, Athena Renewables and Stride Climate Investments.

Leo Energies to Focus on Solar, Wind and Storage

Leo Energies will invest in a mix of solar power and wind projects, along with battery energy storage systems. The platform aims to build more than 3 GW of capacity, giving Actis another vehicle to invest in India's expanding renewable energy market.

The focus on battery storage is also significant as India adds more solar and wind capacity. Renewable power generation can change depending on weather conditions and the time of day. Battery systems can help store electricity when supply is high and release it when demand increases.

Actis has considerable experience in the renewable energy sector across Asia. The firm has built or operated more than 8 GW of installed energy capacity in the region, including more than 5.5 GW from renewable sources. It has also invested more than $7.1 billion in Asia since it was established.

Leo Energies will build on this experience by focusing on both renewable generation and storage. The platform is expected to look at opportunities across India's major renewable energy markets as it works towards its 3 GW-plus portfolio target.

Actis Continues to Expand Its India Renewable Portfolio

Actis has been investing in India's renewable energy market for more than a decade. Its earlier platform, Ostro Energy, grew to more than 1.1 GW before it was sold to ReNew Power in 2018.

The firm later developed Sprng Energy, which built a renewable energy portfolio of more than 2 GW. Shell acquired Sprng Energy in 2022 for around $1.55 billion, giving Actis another major exit from India's clean energy market.

Actis has continued to invest in the sector following these transactions. In March 2025, the firm acquired Stride Climate Investments from Macquarie Asset Management. The deal included a 371 MW operating solar portfolio spread across 21 projects in seven states.

The firm has also been reshaping its existing portfolio. In September 2026, Inox Clean Energy was reported to be close to acquiring Actis-owned Athena Renewables for an enterprise value of about ₹2,500 crore. Athena operates more than 554 MW of solar capacity across four plants and supplies electricity through long-term power purchase agreements.

The launch of Leo Energies adds another chapter to Actis' India renewable energy strategy. Rather than focusing on a single technology, the platform will combine solar, wind and battery storage.

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For India, the investment comes as the country works to expand renewable power generation while improving the reliability of its power system. As electricity demand grows, projects that combine clean generation with storage are likely to become an increasingly important part of the country's energy infrastructure.