Renewable Energy M&A: Actis Powers Up in South Korea with a $100 Million Investment Fueling Argo Energy's Solar Expansion ๐ŸŒž

updated on 03 April 2024
Actis---Argo-Energy-deal-(1)-9m0l2

๐ŸŒ Actis has acquired a 100% stake in Argo Energy, a South Korean renewables platform, with a commitment to invest up to $100 million.

๐ŸŒž Argo Energy specializes in the development of small utility-scale and rooftop solar projects. The company is currently operating or developing a 110 MW portfolio, with plans to expand to over 400 MW in the next few years.

๐Ÿ”Œ The platform is poised to benefit from South Korea's evolving power market, including the introduction of direct and corporate PPAs, as well as policy support for challenges faced by large-scale projects. The country aims to significantly expand its installed renewable capacity, which stood at 27 GW in 2022, to 73 GW by 2030 and 108 GW by 2036.

๐ŸŒ This acquisition marks Actis' entry into South Korea's renewable energy market, complementing its recent investments in Southeast Asia, including Nozomi Energy (Japan), Bluepine Energy (India), and Levanta Renewables (Vietnam).

The above analysis is proprietary to Enerdaticsโ€™ energy analytics team, based on the current understanding of the available data. The information is subject to change and should not be taken to constitute professional advice or a recommendation. 

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