Puma Energy acquires stake in MBHE

Global energy business Puma Energy has acquired a 49% stake in MBHE Group, a company that provides renewable energy solutions to customers across Southern Africa and owns its own high-quality renewable energy assets across the continent. The transaction aligns with Puma Energy’s purpose of energising communities and helping industrial and commercial customers prepare for the future of energy, and decarbonise their operations, with fully integrated renewable energy solutions.
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1 000 MW gas-to-power cap placed on Richards Bay for first gas procurement round

While ‘location agnostic’, South Africa’s inaugural 2 000 MW gas-to-power (GtP) procurement round is limiting the development of facilities in the City of uMhlathuze, where KwaZulu-Natal’s deep-water Port of Richards Bay has been earmarked as a future gas hub, to 1 000 MW – a threshold that will be breached only if the remaining allocation it not taken up elsewhere in the country. Besides this restriction, the first bid window (BW1) of the Gas Independent Power Producer Procurement Programme (GIPPPPP) states that facilities can be located anywhere within the borders of South Africa and must be land based.
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Globeleq completes debt restructuring for Aries, Konkoonsies solar plants

Independent power company Globeleq has completed a $37-million senior debt restructuring of its 11 MW Aries and 11 MW Konkoonsies solar plants, in the Northern Cape. The debt restructuring was led by financial services firm Standard Bank.
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