TrueRE Oriana Power Limited has announced the sale of its 110 MWp commercial and industrial (C&I) solar portfolio to Actis at an enterprise value of ₹501 crore, marking the first transaction under the proposed divestment of approximately 238 MW of the company’s operational solar assets.
As part of the transaction, TrueRE Oriana Power has transferred its stakes in Truere Guj SPV Private Limited and Truere Current Private Limited to Actis, a global investor focused on sustainable infrastructure.
The transaction forms part of TrueRE Oriana Power’s asset recycling strategy, under which the company plans to selectively monetise operational renewable energy assets and redeploy the proceeds into new clean energy opportunities.
Anirudh Saraswat, Founder and Chief Business Officer of TrueRE Oriana Power, said the monetisation of the 110 MWp portfolio represents the first milestone in the company’s growing strategic partnership with Actis. He said the capital released through the transaction will support investments across solar, Battery Energy Storage Systems (BESS), green fuels and emerging clean energy infrastructure.
The transaction builds on an existing partnership between TrueRE Oriana Power and Actis for the joint development of 1 GW of renewable energy assets. The collaboration combines TrueRE Oriana Power’s project development and execution capabilities with Actis’ investment expertise and financial resources.
TrueRE Oriana Power said its capital allocation strategy focuses on developing bankable clean energy assets, selectively monetising projects to recycle capital, strengthening its balance sheet and deploying funds into new growth opportunities.
The company is also pursuing its SCALE and Flywheel strategy, which includes expanding its integrated energy platform, building long-term ownership across generation and storage assets, deploying AI and robotics technologies and developing partnerships across emerging clean energy segments.
As part of its longer-term expansion plans, TrueRE Oriana Power has set FY30 targets of approximately 6 GW of solar EPC capacity, 2.5 GW of solar IPP capacity and 20 GWh of BESS, reflecting its plans to scale across renewable generation, energy storage and related clean energy infrastructure.
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