Mainstream Renewable Power together with investment company Actis have announced the sale of Africa’s largest pure-play renewable energy independent power producer Lekela Power, to Egyptian company Infinity Group and Africa Finance Corporation . News of the sale was revealed in a joint statement by Mainstream and Actis on Monday, months after reports of the potential transfer – estimated to be worth approximately $1 billion – surfaced a few weeks ago.
According to Lekela’s website, the wind farm provides about 564 000 MWh of clean energy to the country’s national grid every year, serving approximately 170 000 South African households.
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Alternative power supply is now key to business sustainabilityIn addition to providing generators and solar energy, some landlords will be wheeling electricity from solar panels in their portfolios
Source: BDliveSA - 🏆 12. / 63 Read more »