Actis to acquire 500 MW solar power plants in India from Fortum for c.$333m.

Actis, an investor in growth markets, agreed to acquire 500 MW solar power plants in India from Fortum, a provider of a full range of energy related products and services, for c.$333m. "We can utilize the strong competencies Fortum has gained over the years in solar development and construction while utilizing the financial strength and track record of Actis to realize the investment potential," Per Langer, Fortum’s City Solutions division Executive Vice President.