African Rainbow Energy Acquisition of SOLA Group
Sector: Energy Storage • Location: South Africa
Source: Journal News
African Rainbow Energy (ARE), founded by Dr Patrice Motsepe, has acquired control of South Africa's biggest independent power company, SOLA Group, which holds a R20 billion renewable energy portfolio. ARE increased its stake in SOLA Group to 83% from 41%, consolidating majority control over the renewable energy platform. SOLA owns 1,100 MWp of solar PV and 730 MWh of battery energy storage in cons
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Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | under construction |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | African Rainbow Energy (ARE), founded by Dr Patrice Motsepe, has acquired control of South Africa's biggest independent power company, SOLA Group, which holds a R20 billion renewable energy portfolio. ARE increased its stake in SOLA Group to 83% from 41%, consolidating majority control over the renewable energy platform. SOLA owns 1,100 MWp of solar PV and 730 MWh of battery energy storage in construction and operation. ARE is invested across a diversified portfolio of renewable energy projects totaling 2,000 MW, with 1.5 GW operational and 500 MW under construction. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
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State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
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