Metier fully exits holdings in Bokpoort CSP project

Image Credit: Pixabay

Metier is selling its entire holding in the Bokpoort Concentrated Solar Power Project (CSP) in South Africa’s Northern Cape to Revego Africa Energy.  The private equity firm’s total interest in the 50MW project amounted to 12%, of which 3% was held by Metier Sustainable Capital I, with the balance being held by a co-investment vehicle of the fund. Revego is paying R204 million for the shares, which is approximately $14 million at current exchange rates.

Metier declined to disclose the financial returns the sale has earned for the fund. The private equity firm first invested in the project when it achieved financial close in mid-2013. Bokpoort became fully operational in 2016 and was one of the first concentrated solar power projects developed under South Africa’s Renewable Energy Independent Power Producer Procurement (or REIPPP) program.

To read this article, you must be a paid subscription member. (Current members login here)


Reserve your digital subscription today

Join now for $35 per month

Join now for $395 per year

for access to:

  • Weekly newsletter with original and curated news, analysis and perspective
  • Africa’s private capital deals, fund raises and the investment firms and executives involved
  • Portfolio company news that impacts value and stakeholder participation
  • Job moves and partnerships between leading market participants
  • Exclusive access to Africa Capital Digest’s full content archive

If you’d like more information on exceptional value group subscriptions for your colleagues and teams, please contact Teresa Hall at thall[at] today.