Actis Aims Investing In Mena Renewable Energy Projects Worth $4.5 Billion

Actis Aims Investing In Mena Renewable Energy Projects Worth $4.5 Billion

Actis, an emerging markets investment firm based in London, UK, is eyeing finance worth $4 billion to $4.5 billion for launching its new international fund Actis 5, which aims to invest in renewable energy and infrastructure projects in the Middle East and North Africa, said a report.

The new Actis fund will concentrate its work on combined cycle power projects; wind power generation projects with build, own, operate (BOO) systems; and solar energy projects, reported Hapi Journal, citing a senior official.

Actis is also targeting investment in water desalination and treatment projects with its $1.2 billion infrastructure fund, stated Partner and Head of Mena Sherif El Kholy.

The fund will be limited so that sovereign funds, major international pension funds, and major financial