Gaia Renewables 1 expands power portfolio with two acquisitions from AIIM
Transaction valued in excess of R200 million includes the sale of SA’s first solar IPP (Independent Power Producer)

Cape Town, South Africa: The acquisition of stakes in two renewable energy plants by Gaia Renewables 1, listed on the Cape Town Stock Exchange (CTSE), is now official.
The transaction includes sale of arguably South Africa’s first solar IPP (Independent Power Producer).
This follows reaching financial close pursuant to project lender approval last week, with Competition Commission approval in April.
The deal, initially funded with debt and equity, will see the fund gaining a 10% holding in each of the Linde and Kalkbult solar photovoltaic plants in the Northern Cape