Wind in the sails of SA’s renewable energy sector, as Trialpha invests
Trialpha Investment Management has received official permission to control Kouga Wind Farm, RustMo 1 Solar Farm and SlimSun
There is no shortage of investment in SA’s fledgling renewable energy sector, despite Eskom having put a freeze on new energy agreements. The recent acquisition of three wind farms by Trialpha Investment is in line with international trends towards consolidation in the sector. Trialpha received the Competition Tribunal’s go-ahead to exercise control over Kouga Wind Farm in the Eastern Cape, RustMo 1 Solar Farm in the North West and SlimSun in Malmesbury in the Western Cape. Trialpha, which runs a renewable energy plant, Intikon K, is a special-purpose vehicle that also controls renewable power companies Jasper, Letsatsi and Lesedi — all of which are projects under the Department of Energy’s Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) The three power companies have a 20-year power purchasing agreement to generate and supply Eskom with electricity. Old Mutual has also made an investment in the government’s REIPPPP, and participates in the construction a...
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