Gaia concludes refinancing of empowerment agreements for the De Aar 1 and 2 wind farms

Cape Town Stock Exchange-listed renewable energy investment fund Gaia Renewables 1 has concluded agreements to refinance empowerment stakes in the 100.5 MW De Aar 1 and 144 MW De Aar 2 wind farms, in the Northern Cape. The R100-million transaction replaces existing high-cost debt used to fund empowerment ownership.