Private equity fund Actis has invested $230 million into India's renewable energy sector through its Ostro Energy platform.
Ostro Energy is the fifth energy platform created by Actis following Globeleq Meso America in Central America, Zuma Energia in Mexico, Aela Energia in Chile and Atlantic Renovaveis in Brazil.
The first investment project will be a 50.4MW wind power project in Jaisalmer district of Rajasthan.
Clifford Chance advised Axis alongside Trilegal (Harsh Pais, Clarence Anthony, Karun Prakash) as India counsel.