Engie and Meridiam to acquire BTE Renewables from Actis.

Engie, an energy company, and Meridiam, a private equity firm, agreed to acquire BTE Renewables, a renewable energy company, from Actis, an investor in sustainable infrastructure. Financial terms were not disclosed. “I am delighted to announce that BTE Renewables will be sold to two leaders in energy and sustainable infrastructure both regionally and globally. The sale of BTE Renewables marks our fifth energy platform exit in Africa, where we have now built and owned 5GW of generation capacity, making Actis one of the largest investors in the regional energy sector. We are confident that BTE, with its new shareholders, will continue to play a leading role in the energy transition across Africa," Lisa Pinsley, Actis Head of Middle East & Africa Energy.