Namibia: Mergence unlisted Investment Managers acquires majority stake in Momentous Solar One
Monday, 17 June 2019 15:50
Mergence unlisted Investment Managers, an asset manager that focuses on infrastructure and development investments, announces it has acquired a majority stake in Momentous Solar One, a Namibia-implanted solar plant.
Acquisition cost is not unveiled but the company reports it has bought 60% of shares from Canadian Solar, the company charged to provide solar energy solutions to the plant.
This operation is Mergence’s third investment in Namibia’s sustainable energy sector; the company already held 17% of interest in the solar plants Ejuva One and Two (inaugurated August 2018).
Chamberline Moko
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