AIIM successfully exited renewable energy investments valued over R750 million, marking a significant milestone in South Africa's shift towards a sustainable energy landscape.

Target Information

African Infrastructure Investment Managers (AIIM), a subsidiary of Old Mutual Alternative Investments, has successfully exited its stakes in three significant renewable energy projects in South Africa, culminating in a transaction valued at over R750 million. The assets involved include two solar photovoltaic (PV) projects and one wind project, all developed under the Renewable Energy Independent Power Producers Procurement Programme (REIPPPP). These investments demonstrate AIIM's dedication to fostering renewable energy infrastructure in the country.

The specific assets included in this transaction are the Jeffreys Bay Wind Farm, a 138 MW facility located in the Eastern Cape, alongside the Kalkbult (73 MW) and Linde (38 MW) Solar PV projects located in the Northern Cape. This strategic exit underscores AIIM's commitment to realizing strong returns for investors while supporting the country's transition to cleaner energy sources.

Industry Overview

South Africa's energy landscape is shifting as the country copes with persistent electricity shortages and an over-reliance on aging coal-fired power plants. Renewable energy has emerged as a critical component in ensuring