Prescient Investment Management funds Reatile Group’s 31.5% stake in 240MW solar project in South Africa

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News flash

Reatile Group is a 100% black-owned investment holding company formed in 2003 to take advantage of the opportunities made possible by economic transformation in industrial sectors of the South African economy.

The transaction was facilitated through the Prescient Clean Energy and Infrastructure Debt Fund (CEIDF). The funding is being utilised to allow Reatile to acquire 31.5% of Ursa Energy (RF) Pty Ltd –  a 240MW Solar PV farm which forms part of bid window 6 of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP).

Commenting on the transaction, PIM Portfolio Manager *Luzuko Nomjana said: “The Prescient Clean Energy and Infrastructure Debt Fund was developed specifically to help bridge the infrastructure gap and contribute towards generating more vibrant economic growth in South Africa. This is the first project we have concluded with the Reatile team and we look forward to further transformative transactions down the line with them.”

Author: Bryan Groenendaal


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