Phakwe Group, with the support of African Infrastructure Investment Managers (AIIM), has achieved financial close on a secondary renewable energy transaction, to become the 90%-owner of Witkop Solar Park, a 30MW solar PV facility located in the Limpopo province, South Africa.

The deal marks further expansion by Phakwe and AIIM in South Africa’s clean energy market, with its assets generating some 27.4% of the total clean energy on South Africa’s grid.

Project Witkop has been...