Gaia acquires an interest in solar PV, wind plants

Cape Town Stock Exchange-listed Gaia Renewables 1, has acquired an interest in three renewable-energy plants from the IDEAS Renewable Energy Fund, which is managed by African Infrastructure Investment Managers. The deal, initially funded with debt and equity, will see the fund gaining a 10% holding in each of the Linde and Kalkbult solar PV plants, in the Northern Cape, as well as a 21% stake in the Jeffreys Bay Wind Farm, in the Eastern Cape.