Motsepe plans to boost clean power generation seven fold

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Johannesburg-based African Rainbow Energy and Power ultimately has a target of adding as much as 5,000MW of assets

African Rainbow Energy and Power, backed by South African billionaire Patrice Motsepe, is looking to boost renewable power generation sevenfold to become one of the biggest clean electricity providers on the continent. Picture: BLOOMBERG

A rule change that allows generators to set up projects of as much as 100MW without seeking a licence has provided a recent boost for AREP. AREP last year formed a joint venture with Absa, that together made up R6.5bn of renewable assets, forming a fund known as African Rainbow Energy.

 

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