Sustainable Power Solutions (SPS) has acquired two 5 MW solar projects in Malmesbury, in the Western Cape, through the purchase of the shareholding in Slimsun Too. SPS is a developer and owner of solar PV and battery storage projects.
The US International Development Finance Corp (DFC) approved a loan of as much as $99-million to help finance Mozambique’s first utility-scale wind-power project. DFC will also provide $80-million in political risk insurance to Globeleq Africa, which is developing the 120 MW project near Namaacha in the south of the nation, the lender said in an emailed statement Tuesday. The project will require a total of about $268-million in funding, according to the DFC’s website.
Revego Fund Managers, which runs Africa’s first fund focused on primarily investing in operating renewable-energy assets, is seeking new investors as it works toward an eventual listing. The fund manager wants to raise about R3-billion to invest in projects to add to the R2-billion Revego Africa Energy Fund, a so-called yieldco focused on dividend flows, chief investment officer Ziyaad Sarang said. It will consider listing when it has about $500-million of assets under management and currently has a pipeline of about R10-billion in potential investments, he said.