French power group Engie and Paris-based Meridiam have agreed to accumulate 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 firms mentioned in a press release, with out giving any additional particulars in regards to the settlement.
In accordance with Engie, BTE Renewables at the moment operates 150 MW of onshore wind and 190 MW of photo voltaic in South Africa. It has a venture portfolio of greater than 3 GW.
“The acquisition of BTE brings to Engie high-quality wind and photo voltaic belongings and a robust venture 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 at the moment constructing 60 MW of photo voltaic with Engie.
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