Coal miner Seriti closes 4GW renewables deal

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Acquisition of a majority stake in Windlab Africa’s wind and solar assets is a big step in developing its own renewable energy business, says Seriti

Seriti Resources, one of the largest suppliers of coal to Eskom, said on Thursday that it has concluded a R892m deal to acquire a majority stake in Windlab Africa’s portfolio of 4GW wind and solar power assets.

The acquisition was made through its subsidiary Seriti Green, “marking a significant step in the development of the company’s renewable energy business”, the company said...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 TimesLive Premium.

 

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