Africa Ren Finalizes The Shareholding Reorganization Of The Senergy 2 Solar Power Plan: Senegal Africa kebetu
In 2021, Africa REN raised a new vehicle, Africa REN Energy , from the pan-African private equity fund manager Metier Sustainable Capital and the Dutch development bank FMO. Senergy 2 was originally held by Africa REN Invest , the first investment vehicle of Africa REN. It is now ARE that has just finalized the acquisition of 60% of the shares of the plant from the historical shareholders.
The remaining 40% in this strategic asset for Senegal is acquired by the Senegalese Caisse des dépôts et consignations in exchange of the shares it held in ARI. The transaction also allows Africa REN to fully divest its first renewable energy financial vehicle. The solar power plant remains within the Africa REN group and will continue to be managed and operated by Africa REN Operations , the group's service company. ARO has experienced local teams and management tools to maximize the assets’ performance over the long term while ensuring compliance with its obligations to the stakeholders, such as lenders and local communities.
Outside Senegal, Africa REN develops, finances and operates infrastructure to increase access to electricity for the people of sub-Saharan Africa. In addition to Senergy 2 , Africa REN is completing the construction of the largest solar power plant in Burkina Faso, Kodeni Solar . Africa REN's reliability, agility and expertise have opened a window of opportunity for public-private partnerships in the sector. Senergy 2 is testament to the Senegalese government's energy mix policy., CEO of Africa REN, said,"The transaction we have just completed demonstrates the dynamism of the solar sector in West Africa and the attractiveness of this asset class for investors.
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