Actis commits $230 mln to Ostro Energy

Actis said Wednesday it committed $230 million to Ostro Energy, an Indian renewable energy platform. Ranjit Gupta was named CEO of Ostro. The platform’s first project is Tejuva, a 50.4MW wind project, already under construction in the Jaisalmer district of Rajasthan. London-based Actis, with $7.6 billion in funds under management, invests in emerging markets such as Asia, Africa and Latin America.

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