ANIREP completes purchase of 70% stakes in Hopsol Power Generation (Pty) Ltd
Date
July 01, 2020
Type
M&A Transactions
Subtype
Transaction completed
Countries
Namibia
Subsectors
Photovoltaic
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Alpha Namibia Industries Renewable Energy Power Limited (ANIREP) has completed the acquisition of a 70% stakes in Hopsol Power Generation (Pty) Ltd.
Hopsol Power Generation (Pty) Ltd. is a Namibian special purpose vehicle that is formed from the partnership of HopSol Africa Construction, a subsidiary of the Swiss developer HopSol AG, and the Namibian Ouyelele Company. The company owns two 5-MW solar photovoltaic plants in Namibia that have been in operation in 2015 and 2016. Each of the projects secures 25-year power purchase deal.
ANIREP has closed the deal with NAD88.6 million (US$5.1 million) of investment.
