Search

Vantage Capital invests $40mn into South Africa’s SolarAfrica portfolio

Solar farm. Photo by Michael Förtsch @ Unsplash
Solar farm. Photo by Michael Förtsch @ Unsplash
  • R635m ($40mn) mezzanine deal backs C&I solar assets
  • SolarAfrica takes full control of CESA

 

PRETORIA, SOUTH AFRICA – Vantage Capital has invested R635m ($40mn) in Commercial Energy South Africa, consolidating SolarAfrica’s ownership of a fast-growing commercial and industrial solar portfolio.

Vantage Capital, Africa’s largest mezzanine debt fund manager, said the investment into Commercial Energy South Africa (CESA) — a subsidiary of SolarAfrica Energy — was made alongside co-investor Greenpoint Capital.

This article is free to read.

Sign up for free or sign in to continue
reading. Unlike our competitors, we don't force you to pay
to read the news but we do need your email address to
make your experience better.

Create your free account or sign in


By signing in, you agree to receive Allen Dreyfus newsletters and updates. You can unsubscribe at any time.

Recent Business

Cocoa pod and beans outdoors. Photo by Ákos Helgert @ Pexels
How Nigeria's cocoa strategy could end decades of oil dependence
Read More »
A vibrant display of traditional dance in Botswana. Photo by Xitsundzuxo Himina @ Pexels
Why Botswana’s inflation surge signals wider risks for commodity economies
Read More »
Molten metal pouring from ladle in industrial foundry. Photo by Bence Szemerey @Pexels
Can Kipushi’s zinc boom in Congo redraw Africa’s commodity power balance?
Read More »

Recent Politics

South Africans are planning for retirement. Photo by Thato Moiketsi @ Pexels
Are South Africans saving smarter? Debt keeps closing in
Read More »
Fatima Ezzahra El Mansouri, Morocco’s first woman prime minister. Photo @Fatima Ezzahra El Mansouri/Facebook
Fatima El Mansouri: Morocco’s first woman premier inherits World Cup pressures
Read More »
Aliko Dangote, Africa's richest businessman. Photo @ Africa CEO Forum
What threatens Dangote’s $16bn Kenya refinery bet? Lamu land risk
Read More »

Latest Posts

Latest news insights