Actis acquired a majority stake in Levanta Renewables (Levanta), a leading Vietnam and Southeast Asia-focused renewables platform in August 2022. This is Actis’ first energy investment in Vietnam.
Founded by Sudhir Nunes, who has significant experience in executing renewable power projects, Levanta has 300MW of onshore wind power projects in advanced development. With Vietnam as the anchor market, Actis will build on Levanta’s pipeline and apply its proven buy-and-build strategy to scale the business into a 1.5GW renewable platform across Southeast Asia, delivering power to a range of offtakers, including C&I customers.
Actis’ contribution to the deployment of renewable technologies in this market will be a key enabler of Vietnam and Southeast Asia’s Energy Transition.
Actis’ in-house Sustainability team will work in partnership with Levanta to establish world-class ESG standards across the business and will report on positive impact using the Actis Impact Score™, Actis’ proprietary framework measuring the positive social and environmental impacts of its investments, closely aligned to the UN Sustainable Development Goals.