Levanta Renewables Acquires Six Solar Projects in Southeast Asia

These are in Malaysia, Indonesia, and Thailand.

Actis-backed Levanta Renewables has acquired six solar photovoltaic (PV) projects across Southeast Asia from a regional renewable energy projects developer.

In a statement, the renewable energy developer and independent power producer said three sites are in Malaysia, two in Indonesia, and one in Thailand. These add 9.5 megawatt-peak (MWp) to Levanta’s portfolio and are seen to generate over 13 gigawatt-hours annually.

The portfolio consists of solar PV assets with long-term power purchase agreements signed with leading Global 500 multinational corporations.

Levanta's acquisition is expected to be finalised before the end of 2024, pending regulatory approval.

This transaction follows Levanta’s recent announcement to acquire a 27.8 MWp rooftop solar system in Vietnam and the acquisition of a 139 MWp utility scale solar portfolio in Thailand.