Stanlib secures 10% stakes in Mulilo Energy
Date
September 08, 2020
Type
M&A Transactions
Subtype
Transaction completed
Countries
South Africa
Subsectors
Photovoltaic
Onshore Wind
Subscribe to our newsletter and get the latest news and business opportunities in your inbox
South African asset manager Stanlib, through its infrastructure investment arm, Stanlib Infrastructure Investments, has acquired a 10% stake in the renewable energy developer Mulilo Energy Holdings.
Mulilo is a renewable energy developer in South Africa that engages with solar PV and wind project developments.
The two companies have announced that they will participate in the strategic infrastructure 2,000MW Risk Mitigation Power Procurement Programme, as well as the future Renewable Energy Independent Power Producer Procurement Programme (REI4P) Round 5 and further bidding rounds.
