https://www.engineeringnews.co.za

Gaia acquires 25% interest in Dorper wind farm

17th January 2017

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

     

Font size: - +

Infrastructure investment holding company Gaia Infrastructure Capital has transitioned its JSE-listing from special purpose acquisitions to the investment services sector after a R501-million acquisition of a 25.2% economic interest in Dorper wind farm.

The acquisition became unconditional in December after Gaia secured the Department of Energy’s (DoE’s) approval.

“In line with our listing commitments, we have reached a notable milestone with the completion of our first transaction, enabling Gaia to become a fully-fledged infrastructure investment holding company,” said Gaia CEO Prudence Lebina.

Dorper, which owns a fully operational 98 MW wind farm in the Eastern Cape, formed part of the first round of the Renewable Energy Independent Power Producer Procurement Programme.

“We have every confidence in Dorper’s prospects. The wind farm has been operational since 2014 and has a 20-year power purchase agreement with State-owned power utility Eskom, as well as a government-backed guarantee,” Lebina added.

The firm is now reviewing other opportunities within the energy, transport and water and sanitation sectors.

Edited by Creamer Media Reporter

Comments

Array

Showroom

Aqs image
AQS Liquid Transfer

AxFlow AQS Liquid Transfer (Pty) Ltd is an Importer and Distributor of Pumps in Southern Africa

VISIT SHOWROOM 
SBS Tanks
SBS Tanks

SBS® Tanks is a leading provider of innovative water security solutions with offices in Southern Africa, East and West Africa, the USA and an...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.114 0.172s - 170pq - 2rq
Subscribe Now