Sonnedix offers South African solar operations to BTE Renewables
- South African independent power producers (IPP) BTE Renewables has actually purchased Sonnedix Solar South Africa from Sonnedix Power Holdings.
In doing so, it has actually obtained a 60% interest in the collective vehicle 'Mulilo Sonnedix Prieska PV' which possesses the 75MW Prieska solar project in the Northern Cape.
The acquisition has enhanced BTE Renewables' portfolio of renewable resource IPPs in the region to 473MW, the company claimed in a statement, including the procurement "fully enhances" its existing nuclear power plant located in South Africa and also Kenya.
The continuing to be 40% stake in the project is split in between Mulilo Energy Holdings (20%), Ixowave (15%) as well as the Prieska PV Community Trust (5%), with BTE Renewables set to handle the management of the project, which was connected to the grid six years earlier.
" This acquisition clearly shows our dedication to growing our renewable energy asset portfolio, as it is complementing our organic growth from our strong portfolio of development projects," stated Robert Skjodt, CEO of BTE Renewables.
" The Prieska project is an all-natural fit for our 2 solar PV plants in the exact same area of South Africa, whilst successfully enhancing our operating project portfolio to 473MW."
Wholly-owned by London-based exclusive equity company Actis, BTE Renewables has a portfolio of 6 IPPs in Africa. At the beginning of the month, Actis accepted sell its Sprng Energy renewables platform to energy major Shell for US$ 1.55 billion.
