A South African investor in sustainable infrastructure has acquired a controlling share in a renewable energy-focused company. STANLIB Asset Management announced the acquisition of a controlling equity interest in Solareff, a distributed C&I solar and battery platform in South Africa, through its STANLIB Infrastructure Fund II. “[This investment] can make a significant social and economic impact in South Africa by allowing C&I clients access to more reliable power, at competitive tariffs,” Andy Louw, Co-Head of the STANLIB Infrastructure Fund II said. World’s biggest oxygen production site signs more renewable energy PPAsParallel to the acquisition of Solareff, STANLIB has also established Solareff Green which offers capex-free energy solutions to C&I customers via power purchase agreements (PPA). Tax-enhanced solar energy asset management fund closes R300m

Source: The North Africa Journal August 11, 2023 10:31 UTC