STANLIB Asset Management Acquires Majority Interest In South Africa’s Solareff & GridCars
from Eskom reckons that there is now about 4,412 MW of solar PV installed in the South African C&I and residential sectors. That is 4.4 GW of awesome distributed solar! One of the leading companies in South Africa’s C&I solar PV sector is.
Image: 6.8MWp solar rooftop PV plant at Boardwalk Inkwazi in Richard’s Bay. Image courtesy of Solareff. Solareff is also a major shareholder in GridCars. GridCars is the leading owner, operator, and supplier of charge-network infrastructure with related network software for electric vehicles in South Africa.
Andy Louw, Co-Head of the STANLIB Infrastructure Fund II, said, “We are proud to partner with Solareff and believe that our investment in Solareff, particularly through our PPA offering, can make a significant social and economic impact in South Africa by allowing C&I clients access to more reliable power, at competitive tariffs. Importantly, it contributes to the reduction of the carbon footprint of power generation.
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