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Norfund invests R1.3bn in South Africa’s Mulilo | SA News

Norway’s Norfund AS will invest $75 million (R1.3 billion) in South African clean energy company Mulilo Renewable Energy, bolstering a transition from coal by the most industrialised nation on the continent.

The Norwegian investment fund gains a minority stake from the investment in Mulilo, an independent power producer, adding to its backing of a number of companies participating in the country’s switch to low-carbon sources of energy and the end of a monopoly held by state-owned utility Eskom.

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