Exxaro acquires Gouda Wind Farm and Sishen Solar Facility for R1.8bn

Exxaro acquisition of renewable energy assets gets completed through its subsidiary Cennergi

- TAWANDA KAROMBO-

EXXARO has signed a R1.8 billion agreement for the acquisition of renewable energy assets in the Northen and Western Cape as it scales its energy solutions.

(SUPPLIED)

EXXARO has signed a R1.8 billion agreement for the acquisition of renewable energy assets in the Northen and Western Cape as it scales its energy solutions.

The acquisition has been completed through Exxaro’s wholly owned subsidiary, Cennergi. It said on Thursday that binding agreements have been signed with Acciona Energia for the acquisition of the 138MW Gouda Wind Farm in the Western Cape and the 75MW Sishen Solar Facility in the Northern Cape.

Additionally, Exxaro has snapped up the company responsible for the operations and maintenance of the two renewable energy assets that were procured under Bid Window 2 of South Africa's Energy's Renewable Energy Independent Power Producer Procurement Programme.