The ActisEnergy 3 fund was heavily oversubscribed, beating its original target of $750mby more than 50%.
Itwill target generation and distribution interests in Latin America, Africa andAsia.
Thefund has already invested in Brazilian renewables group Atlantic EnergiasRenovaveis and Chilean renewable power producer Aela Energía.
Actissaid: “These most recent investments in renewable technologies are a responseto an increasing demand for competitively priced energy powered by abundantnatural resources.”
Subscribersto Actis Energy 3 include pension and sovereign wealth funds.
