Coal miner Seriti closes 4GW renewables deal
Acquisition of a majority stake in Windlab Africa’s wind and solar assets is a big step in developing its own renewable energy business, says Seriti
01 December 2022 - 20:14
Seriti Resources, one of the largest suppliers of coal to Eskom, said on Thursday that it has concluded a R892m deal to acquire a majority stake in Windlab Africa’s portfolio of 4GW wind and solar power assets.
The acquisition was made through its subsidiary Seriti Green, “marking a significant step in the development of the company’s renewable energy business”, the company said...
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