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S Africa's Reatile buys large stake in Juwi's O&M unit

Solar farm. Author: Juwi Renewable Energies Limited.

September 17 (Renewables Now) - Reatile Renewables, the renewable energy arm of South African investment holding company Reatile Group, has acquired a 43% stake in the solar operations and maintenance (O&M) unit of Germany’s Juwi.

A local community holds 8% in Juwi O&M, so it now becomes a 51% black-owned company.

Earlier this year, Reatile Renewables bought a 20% stake in the engineering, procurement and construction (EPC) unit of Juwi, which is the EPC contractor for three South African solar parks totalling 250 MW. Contractors working on projects awarded in Round 4 of South Africa's Renewable Energy Independent Power Producer Procurement Programme (REIPPP) are required to have an active black shareholding.

Reatile Group chairperson Simphiwe Mehlomakulu stated that following the latest transaction the company plans to offer O&M services not just for Juwi, but other players, as well.

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Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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