Stanlib’s Infrastructure Fund II is significantly upping its interests in SA’s booming renewable energy sector, with the fund’s latest deal being the acquisition of a majority stake in specialist solar PV company Solareff, as well as a related subsidiary. The fund, run by Standard Bank-owned STANLIB Asset Management, will also take a stake in GridCars, which supplies electric vehicle charge point infrastructure in the country.
Commercial property sector can ease SA’s power crisis Solareff’s GridCars subsidiary, one of the first movers in the EV charging industry, has ambitions to facilitate the growth of the EV market by collaborating with relevant investors to advance the country’s eMobility revolution.
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