French power group Engie and Paris-based Meridiam have agreed to amass South African renewables developer BTE Renewables from UK funding agency Actis for an undisclosed sum.
“The deal features a carve-up of Engie’s Kenyan belongings to Meridiam on the finish,” the 2 corporations mentioned in an announcement, with out giving any additional particulars concerning the settlement.
Based on Engie, BTE Renewables presently operates 150 MW of onshore wind and 190 MW of photo voltaic in South Africa. It has a mission portfolio of greater than 3 GW.
“The acquisition of BTE brings to Engie high-quality wind and photo voltaic belongings and a powerful mission pipeline,” mentioned Paulo Almirante, Engie senior government vp renewables, power administration and nuclear. .
Meridiam can be energetic in photo voltaic in Senegal, the place it’s presently constructing 60 MW of photo voltaic with Engie.
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