https://www.miningweekly.com

Actis Capital acquires Africa focused renewables firm

16th August 2019

By: Simone Liedtke

Creamer Media Social Media Editor & Senior Writer

     

Font size: - +

Private equity firm Denham Capital has sold renewable-energy firm BioTherm Energy, which built some of the first wind and solar projects in South Africa, to emerging market investor Actis Capital.

Denham invested in BioTherm Energy through its Fund V and helped build it into a leading African renewable-power company.

BioTherm has 285 MW of wind and solar projects under construction, representing more than $500-million in enterprise value.

“BioTherm’s focus on economic sustainability manifests itself in continually improved internal rates of return on projects throughout their life cycles,” the statement said.

Jasandra Nyker, who is currently the CEO of BioTherm, will become MD of Denham Capital’s International Power Group, following the exit.

Nyker will be responsible for origination, analysis, structuring, valuation and execution of investments for the International Power deal team.

Actis energy team director Lisa Pinsley says the investment in BioTherm will help drive the 300 GW of potential growth in renewable generation across Africa over the next decade.

“With favourable regulatory frameworks around Africa, paired with the cost-competitive price of renewables, we will draw on Actis’s deep relationships and extensive experience in the renewables sector, plus BioTherm’s record and expertise, to continue to help meet the ever-growing demand for clean, reliable power in Africa.”

Edited by Mariaan Webb
Creamer Media Contract Publishing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

The Southern African Institute of Mining and Metallurgy
The Southern African Institute of Mining and Metallurgy

The SAIMM started as a learned society in 1894 after the invention of the cyanide process that saved the South African gold mining industry of the...

VISIT SHOWROOM 
Rosond
Rosond

ROSOND provides fast, efficient, safe, and cost-effective drilling and grouting services to mining and exploration industries throughout Africa.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.04 0.858s - 110pq - 2rq
Subscribe Now