Phakwe Group closes 90% investment in 30 MW Witkop solar project in Limpopo

Phakwe Group, with the support of African Infrastructure Investment Managers (AIIM), has achieved financial close on a renewable energy transaction, to become the 90% owner of Witkop Solar Park, a 30 MW solar PV facility located in the Limpopo province, South Africa. The majority stake was previously held by Canadian fund manager Brookfield Asset Management.

Project Witkop has been operational since 2015 and is part of the first group of projects to connect to the national grid under the South African Renewable Energy Independent Power Producer Programme (REIPPP). On average, the solar power plant generates 62,000 MWh per annum of electricity which is sold into the national grid to Eskom Holdings SOC Ltd, benefiting over 6,000 households.