Seriti Resources, one of the largest suppliers of coal to Eskom, said on Monday it had reached an R892m deal to acquire a majority stake in Windlab Africa’s wind and solar-powered assets.
The transaction, through its subsidiary Seriti Green, forms part of the 91%-black owned coal company’s strategy to lower its carbon footprint and become a diversified energy producer...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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