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Namibia Economist
An infrastructure investment fund managed by Old Mutual Investment Group Namibia has acquired a majority stake in Aloe Investments Number Twenty-Sevena, company that owns a 5MW solar photovoltaic plant in Rosh Pinah.
The acquisition forms part of a joint transaction with Sturdee Energy Namibia, which has acquired a minority stake in the plant. Sturdee Energy is an African Independent Power Producer with a track record of developing, owning and operating 587MW of renewable energy projects.
The shares were previously owned by AEE Power Ventures SL, a Spanish energy company, which developed and constructed the plant. AEE Power has disposed of its full shareholding in the plant to the Old Mutual-managed fund and Sturdee Energy Namibia.