Individuals
Businesses
Company
Intelligence
News
African Capital Markets
EnglishEnglish
share on twittershare on linkedinshare on facebookshare to whatsapp
share on mail
share on instagram

Actis fully exits BTE Renewables to Engie and Meridiam

Daba Finance/Actis fully exits BTE Renewables to Engie and Meridiam
AFRICAN STOCKS AND FINANCEDecember 22, 2023 at 6:19 PM UTC

BTE Renewables has concluded its sale to Engie and Meridiam. In this transaction, Engie has acquired BTE Renewables' operations in South Africa, while Meridiam has taken over its operations in Kenya.

The acquisition by Engie and Meridiam is from BTE Renewables' previous owner, Actis. The pan-African renewable energy platform, BTE Renewables, was established by Actis in 2017 through the acquisition of the Kipeto wind project in Kenya during its development stage.

BTE Renewables is dedicated to the pan-African region, with a primary focus on utility-scale wind and solar projects. As of now, the platform includes operational projects in both South Africa and Kenya.

Key Takeaways

For a country like South Africa currently grappling with frequent power cuts that threaten its economy, news of ENGIE doubling down on its renewable energy operations in the country comes as a welcome development. Given its vast resources, South Africa could realistically, and cost-effectively, supply 49% of its electricity mix from renewables by 2030, nearly a third higher than the share to be expected from current plans and policies. With renewable power, heat, and fuels all factored in, renewables could provide 23% of South Africa’s total final energy consumption in 2030, up from just 9% overall in 2015.

BTE Renewables
Engie
Meridiam
Kipeto
Clean Energy
Renewables
Acqusition
Private Equity
Exit

Think someone else should see this?

share on twittershare on linkedinshare on facebookshare to whatsapp
share on mail
share on instagram
Stay informed with our newsletters read by 25,000+ professionals worldwide
Newsletter companiesNewsletter companiesNewsletter companiesNewsletter companiesNewsletter companiesNewsletter companies

Next Frontier

Stay up to date on major news and events in African markets. Delivered weekly.

Pulse54

UDeep-dives into what’s old and new in Africa’s investment landscape. Delivered twice monthly.

Events

Sign up to stay informed about our regular webinars, product launches, and exhibitions.

+25k investors have already subscribed

To invest in this opportunity and other opportunities across Africa

Download the daba finance app on your mobile through
appstore iconappstore icon
Phone Image

Take action.

Download app

Start investing in Africa’s best opportunities, including stocks, bonds, startups, venture funds, and more.

Partner with us

Unlock exciting business opportunities and growth potential.

Join Daba

Become a part of our vibrant community and enjoy exclusive benefits.

Contact us

Reach out to us for inquiries, support, or collaboration.
For Investor
StrategiesPortfolio ManagementAfrican Capital MarketsNews
Daba Pro Intelligence
For Capital Seekers
For StartupsFor Fund ManagersFor Private CompaniesFor Lenders
For Partners
Commercial BanksBroker DealersAsset ManagersInvestment BanksInvestment Advisors and ConsultantsLenders and Microfinance
Company
About UsMarket UpdatesEventsBlog and PodcastNewsletterCase StudiesAffiliate ProgramInvesting GlossaryOfficial ContactsTrust, Compliance and SecurityFrequently Asked Questions

Terms & ConditionsPrivacy Policy
EnglishEnglish

Owned by Daba Markets Inc. By using this site, you accept our Terms and Conditions and Privacy Policy. © 2024 All rights reserved. 2025 All rights reserved