The R892m deal means a 51% interest in Windlab Africa with projects in SA and East Africa
Seriti Resources, one of the largest suppliers of coal to Eskom, said on Monday it had struck a R892m deal to acquire a majority stake in Windlab Africa’s wind and solar power assets. It takes ownership of a pipeline of about 3GW of renewable energy projects to be developed in SA by 2030 at a cost of R75bn.
The transaction, through its subsidiary Seriti Green, forms part of the 91% black-owned coal company’s strategy to lower its carbon footprint and become a diversified energy producer...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Coal producer Seriti acquires renewable energy firm WindlabSouth African thermal coal producer SeritiResources said it had agreed to acquire a majority stake in Windlab Africa’s wind and solar energy assets in a $55 million deal that marks its first step towards renewable energy. Moneyweb MiningNews
Read more »
Eskom coal supplier Seriti buys majority stake in Windlab AfricaThe R892m deal means Seriti will take a 51% interest in Windlab Africa, which is overseeing 3.5GW of renewable energy projects
Read more »
East Africa watched in awe as Kenyans voted
Read more »
South Africa: Finance Minister Accused of Sexual Assault - South African News Briefs, August 15, 2022
Read more »
South Africa: The Health Sector Can Help Address the Impact of Violence Against Women, Here's HowOpinion - At the start of Women's month this year, the gang rape of eight women at a mine dump in Krugersdorp made headlines in South Africa and abroad, adding to the country's blood-curdling statistics of femicide and violence against women.
Read more »
Africa: Food Fears Grow As African Floods Fail to SubsideAfrica could face increased food insecurity and an unprecedented rural-urban migration crisis if the climate change induced flooding persists, environmentalists say.
Read more »