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Reatile Renewables completes phase 2 investment in Juwi

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SPONSORED | Reatile Renewables has taken up a 43% equity stake in juwiREsa solar photovoltaic (PV) operations and maintenance business, concluding their second investment transaction.

15 November 2019 - 08:39Reatile chair Simphiwe Mehlomakulu and Juwi MD Greg Austin formally enter into second investment transaction. Picture: SUPPLIED/JUWI

Reatile chair Simphiwe Mehlomakulu says that the deal deepens the group’s investment and involvement in the renewable energy sector in SA, and makes for a very attractive service offering in the operations and maintenance sector: Greg Austin, MD of Juwi, says that the deal bodes well for future growth in the renewables sector: “We are pleased that Reatile has taken up a substantial stake in our O&M subsidiary, which, during 2020, will increase its SA market share significantly.

Juwi is an international leader in the development and implementation of solar PV and onshore wind projects for more than 20 years and has installed more than 4.8GW of renewables worldwide, while operating and maintaining about globally.

 

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