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New Deal


Announced

Completed

SAOLA group completed the acquisition of two 100 MW solar power projects in South Africa from ABO Wind.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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South Africa

Friendly

solar power

Majority

Acquisition

Cross Border

Private

Single Bidder

Completed

Infrastructure

Alternative Electricity

Synopsis

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SAOLA group, a renewable energy company, completed the acquisition of two 100 MW solar power projects in South Africa from ABO Wind, a company that develops and builds wind and solar farms. Financial terms were not disclosed. The cooperation with ABO Wind brings us closer to our goal of advancing clean energy in Africa. We are proud that the projects are now fully South African owned and financed, built, operated, and managed here in the country. ," Chris Haw, SOLA Group Co-founder and Executive Director.

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