South Africa: Globeleq completes acquisition

Issue 394 - 14 Jun 2019
On 29 May, Globeleq announced it had completed the acquisition of four renewable power plants from New York Stock Exchange-listed Brookfield Asset Management. The plants are the 11MW Aries, 11MW Konkoonsies and 31MW Soutpan solar photovoltaic plants and the 27MW Klipheuwel wind power plant. The transaction was first made public in July last year and also included the 33MW Witkop and 66MW Boshof solar projects. Globeleq said it expected to close the purchase of Boshof in the next few weeks.

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