Stanlib buys majority stake in Solareff

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Deal gives asset manager a foothold in electric vehicle charging infrastructure market

Stanlib Asset Management has bought a controlling stake in engineering, procurement and construction platform Solareff, expanding its profile into the booming renewables solutions sector.

The transaction, which remains subject to relevant regulatory approvals, has led to the establishment of Solareff Green which will fund and own renewable power generation facilities that will sell its generated power to customers via power purchase agreements.... There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an

 

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Stanlib’s Infrastructure Fund II buys major stake in SolareffStanlib’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. Moneyweb Solar NtandoThukwana
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