RMB partners with Sturdee Energy to accelerate investment in renewables in Southern Africa

Corporate and investment bank RMB has partnered with independent power producer (IPP) Sturdee Energy to help it grow its business in the Southern African renewable energy sector. RMB says its equity investment in Sturdee will give the IPP the firepower to further build out its immediate pipeline of 175 MW and position it to deliver flexible power purchase agreements to target the increasing liberalisation of the sub-Saharan Africa electricity markets.