Country faces energy shortages due to ailing coal power plants Africa’s top asset manager to invest more in solar, wind power
The firm currently has investments in renewable energy that have contributed more than 2,000 megawatts to the grid through photo-voltaic, concentrated solar power and wind technology.
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The Public Investment Corp. intends to increase its investment in renewable energy as South Africa battles to resolve a power crisis that’s stifling economic growth.
“If you look at our renewable energy book, we have now funded and have got an exposure of 16.5 billion rand ($854 million) — and it is going to grow,” Kabelo Rikhotso, chief investment officer at the PIC said on Tuesday.
Source:
Bloomberg
