Alternative investment and fund management group TBI has concluded its first deal in South Africa through its new Amandla Renewable Energy Fund. As part of the R440-million deal, TBI, along with Momentum Metropolitan Life and Absa, refinanced the existing funding of Emvelo’s 15% stake in the Karoshoek Solar One concentrated solar power (CSP) plant by subscribing for secured redeemable preference shares in the special purpose vehicle that holds Emvelo’s interest in the plant.
