Development Track Record
300 MW Mulanur Wind Project
250 MW Anantpur Solar Project awarded
Sprng Energy is a renewable energy platform set up in India by Actis - a private equity fund manager that invests exclusively in the world’s growth markets, with a total commitment of US$450mn of equity from Actis Energy Fund 4 to set up c.2GW (1.1% of 175 GW of target set up by Ministry of New and Renewable Energy, Government of India) of renewable energy capacity (solar and wind) by 2020. Till date, we have 750 MW (AC) solar projects and 697.5 MW of wind power projects under execution cumulating to a total of 1447.5 MW projects in the country
India aspires to derive 40% of the nation’s energy needs from renewable sources by 2030, Sprng is driving that aspiration into reality.
It weaves a unique enchanting story around it with every character involved portraying different hues and shades of opinion… Some stories may be as beautiful and soothing as a weaver bird’s nest, remaining full of chaos and anarchy observed when entanglement occurs in a spider’s web. Bottomline is these remain embedded in every fabric of every Homo Sapien who was ever involved in the project. Every project at Sprng has its own tales to tell and herewith we take you on a journey behind every project that we have won…