Oriana Power Limited signed a non-binding Memorandum of Understanding (MOU) with ACTIS for setting up 1 GWp of solar and renewable energy (RE) projects in India, within two years, on September 30, 2025.
As per the MoU, ACTIS intends to invest Rs 8,873.55 million (USD 100 million) equity during a period of two years towards implementation and acquisition of stake in RE projects.
The projects will be implemented through Special Purpose Vehicles (SPVs) (incorporated or proposed to be incorporated).
Additionally, EY is acting as the sell side merger and acquisition (M&A) investment banker on this marquee partnership between Oriana Power and ACTIS.