News flash
- Listed on the Cape Town Stock Exchange, Gaia Renewables 1 has acquired stakes in two renewable energy plants from the IDEAS Renewable Energy Fund which is managed by African Infrastructure Investment Managers (AIIM) for R200 million.
- This follows reaching financial close pursuant to project lender approval last week, with The Competition Commission South Africa approval in April.
The deal, initially funded with debt and equity, will see the fund gaining a 10% holding in each of the Linde and Kalkbult solar photovoltaic plants in the Northern Cape.
The fund will issue a batch of preference shares to existing shareholders with additional issuances to…
Education Initiatives: Some media organizations run educational programs to
promote media literacy and critical thinking among the public.
Freeze Queen
Fun South African Fact: SA has three capital cities: Pretoria is the Executive Capital, Cape Town the Legislative Capital and Bloemfontein the judicial Capital.
doughboy
Zimbabwe: You have two cows. They both vote for Mugabe.