Actis completed the acquisition of a stake in Terra Solar Philippines for $600m.

Actis, an investor in sustainable infrastructure, completed the acquisition of a stake in Terra Solar Philippines, a mid merit renewable generation project holding company, for $600m. “MTerra Solar is a marker of what’s possible in terms of scale and ambition with renewable energy in Southeast Asia. It represents the largest such project in this fast-growing region, and we’re delighted to be partnering with MGEN and MGreen to deliver this critical project and accelerate the Philippines’ energy transition,” Rahul Agrawal, Actis Partner, Head of Energy for Southeast Asia.