Borbet South Africa signs PPA with renewable energy solutions provider

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  • Renewable energy solution provider Blue Energy Africa recently concluded a 20-year transaction with Borbet SA, one of the world’s leading manufacturers of light-alloy wheels used in some of the world’s most well-known luxury car brands, such as Ford, Volkswagen, BMW, Mercedes Benz, and Isuzu.

The system to be implemented for Borbet SA will have the ability to safely shut down operations during high levels of load shedding or power outage, which will minimize the scrapping of final products produced, ensuring continuity, and minimizing losses.

The funding partner for the transaction is Gaia Fund Managers. Says Dr. Hendrik Snyman, chief investment officer of Gaia, “We are proud to be able to support Blue Energy Africa to conclude this transaction. The scale of the transaction demonstrates that Gaia’s REIT (Real estate investment trust) can provide competitive funding for large scale projects”.

Author: Bryan Groenendaal


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