Sturdee Energy Closes Joint Transaction With Old Mutual Namibia for 5MW Solar Plant

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  • Sturdee Energy has acquired a minority stake in an operating 5MW solar PV (photovoltaic) plant at Rosh Pinah in Namibia. 
  • Rosh Pinah Project is 5MW solar project selling energy to Nampower under the Namibian REFIT Programme.    

Sturdee Energy has announced the closing of a joint transaction with an infrastructure fund managed by Old Mutual Investment Group (Namibia) (Pty) Ltd of the acquisition of the AEE Power Ventures S.L.’s shares in Aloe Investments Number Twenty-Seven (Pty) Ltd.

James White and Andrew Johnson Sturdee’s Executive Directors agreed that “it’s a great acquisition for Sturdee.”  “It really demonstrates the determination and agility of the team to deliver through numerous challenges including COVID. Sturdee looks forward to this being the first of a number of transactions with the team at Old Mutual Investment Group in Namibia.”

Related news: Become a solar PV installer – Super Solar School Ontjiwarongo, Namibia

Johnson added that Namibia is a key strategic focus of the Company and they are pursuing other opportunities for development, acquisition and asset management in the country.

Author: Bryan Groenendaal

Master the sun in one week: the SuperSolarSchool in Otjiwarongo provides participants with everything they need to know about solar photovoltaics (PV). The course is offered by the GREEN Solar Academy, arguably the best solar training institution in Africa.



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