Sturdee Energy and Old Mutual Investment Group Secure Majority Stake in Namibia's Largest Solar PV Plant
Sturdee Energy
Sturdee Energy is an African IPP focused on renewable energy projects in Sub-Saharan Africa
Old Mutual Investment Group Namibia (OMIGNAM) and Sturdee Energy Namibia have jointly acquired a 51% stake in Alten Solar Power (Hardap) (Pty) Ltd, Namibia’s largest grid-tied solar PV plant. This acquisition expands Namibia’s renewable energy market and offers OMIGNAM investors the chance to participate in key infrastructure projects, driving local ownership and long-term value.
The deal strengthens Namibia’s position in renewable energy, supports its climate goals, and boosts economic growth, job creation, and skills development. Sturdee Energy plans to leverage this foundation for further regional expansion and sustainable energy solutions.
About OMIGNAM
OMIGNAM, Namibia’s largest asset manager, specializes in long-term investments, including renewable energy, to support economic growth.
About Sturdee Energy
Sturdee Energy delivers clean, sustainable energy solutions across Southern Africa.
About IJG
IJG is a leading Namibian financial services provider specializing in corporate finance and capital markets.
This final transaction of the year positions Namibia as a regional trailblazer in sustainable energy, aligning investment returns with environmental impact. A win for the planet and the economy, it’s a deal that paves the way for a greener, brighter future. ????
#FutureIsRenewable #RenewableEnergy #SolarPower #EconomicGrowth #LastDeal2024
Sales Manager (Africa) for Antaisolar (PV Mounting/Roof Top/C&I/Utility/Solar Trackers/Carport/BIPV) Doctor of Business Administration(Candidate)
2 个月Congratulations to Sturdee Energy and Old Mutual Investment Group on securing a majority stake in Namibia's largest Solar PV Plant! James White, Andrew Johnson and the whole Sturdee Energy team, your work is inspirational. I hope to get a chance to collaborate with you on your future projects.
Congratulations Sturdee Energy and Old Mutual Investment Group
Transactor. Investment Banker. Structured Finance. Sales.
2 个月Strong finish to an incredible year! Well done, guys ????????
Energy Lawyer | Senior Associate at ENS | Advanced LLM in Energy Law | Co-Founder & Chairperson of the Environmental Lawyers Network of Namibia | Regional Lead for Southern Africa: Women in Renewable Energy
2 个月Congratulations again Andrew Johnson, James White and the Sturdee Energy team! It was such a pleasure working with you all to get this one over the line ????