Revego Africa Energy Limited has announced its first major acquisition, in the form of a 12% stake in the 50 MW Bokpoort Concentrated Solar Power (CSP) asset in the Northern Cape for R204 million (about $14 million).

Bokpoort CSP is one of South Africa’s premier CSP projects and fulfils Revego’s mandate of investing in operational, dividend-earning renewable assets. Revego is buying the stake from Metier, a South African private equity firm which manages the Lereko Metier Sustainab...