Puma Energy acquires 49% stake in Southern Africa renewable energy project developer 

  • Puma Energy has announced it has acquired a 49 percent stake in MBHE Group, (PTY) LTD a company that provides renewable energy solutions to customers across southern Africa and owns its own high-quality renewable energy assets across the continent.

The transaction aligns with Puma Energy’s purpose of energising communities and helping industrial and commercial customers prepare for the future of energy and decarbonise their operations with fully integrated renewable energy solutions.

MBHE is an industry leader in the design, supply, installation and operation of solar PV systems and battery technology catering for numerous sectors including retail centres, manufacturing, hospitals, heavy industry and mining. The partnership with Puma Energy will drive expansion by providing access to new customers and unlocking financial facilities to fully develop its pipeline of projects.

Key growth opportunities across southern Africa include the installation of solar PV, Battery Energy Storage solutions and off-grid solar PV plants. The partnership will also create more opportunity for MBHE to secure power purchase agreements to develop projects and benefit from long term Power Purchase Agreements.

Author: Bryan Groenendaal

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Green Building Africa promotes the need for net carbon zero buildings and cities in Africa. We are fiercely independent and encourage outlying thinkers to contribute to the #netcarbonzero movement. Climate change is upon us and now is the time to react in a more diverse and broader approach to sustainability in the built environment. We challenge architects, property developers, urban planners, renewable energy professionals and green building specialists. We also challenge the funding houses and regulators and the role they play in facilitating investment into green projects. Lastly, we explore and investigate new technology and real-time data to speed up the journey in realising a net carbon zero environment for our children.

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