Revego Equity Purchase in Aurora 94MW Wind Farm Approved by Competition Tribunal

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  • Aurora Wind Power was a venture of ENGIE (formerly GDF SUEZ, France), Investec Bank Limited (RSA) and KTH (RSA). 
  • The company was responsible for the development, construction, operation, and maintenance of the 94 MW West Coast One wind farm situated in Vredenburg, Western Cape.

Revego manages third party funds and provides intermediary services on a discretionary basis. As a fund manager, Revego is responsible for sourcing and managing of investments in operating renewable energy projects in South Africa and the broader sub-Saharan Africa.

The South African Competition Commission has given the go-ahead for Revego to acquire shareholding in Aurora Wind Power, and post-merger, Aurora will be jointly controlled by Revego as well as existing shareholder Engie.

The tribunal also approved a second merger at the same sitting whereby Revego will acquire sole control over special purpose vehicles (SPVs) Genesis Khobab Wind, Genesis Loeriesfontein Wind and Genesis Noupoort Wind.

The three Special Purpose Vehicle’s (SPV) hold a noncontrolling interest in wind farm projects in the Northern Cape.

Author: Bryan Groenendaal


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