Actis exits South African and Kenyan energy assets
Actis has agreed to sell 100% of BTE Renewables to Engie and Meridiam. On completion, Engie will acquire the South African portfolio and team while Meridiam will acquire the Kenyan portfolio and team.
Actis established the pan-African renewable energy platform in 2017, with the acquisition of the Kipeto wind project in Kenya in the development stage. In 2019, Actis grew the platform with the acquisition of South Africa-focused BioTherm Energy and rebranded the company BTE Renewables.
BTE targets the pan-African region, focused primarily on utility scale wind and solar projects. The platform is currently composed of six operating projects totalling about 500MW in generating capacity, five projects in South Africa and one in Kenya. BTE has a proprietary pipeline of projects under development exceeding 5GW across the region.