ENGIE and Meridiam acquire BTE Renewables
26 Jun 2023

Read the full original article here from ENGIE

  • Sales and Purchase Agreement signed with ACTIS for the acquisition of 100% of BTE Renewables, one of Africa’s leading renewable energy companies in South Africa and Kenya
  • Addition of 340 MW renewable energy capacity and a portfolio of more than 3 GW of advanced development projects for ENGIE in South Africa
  • Investments in 250 MW wind and solar projects in operations and development in Kenya by Meridiam

ENGIE and Meridiam announce today that they signed a Sales and Purchase Agreement with ACTIS on the full scope of BTE Renewables, a developer, owner and operator of renewable assets on the African continent, with an operating presence in South Africa and Kenya. The deal includes a carve-out of the Kenyan assets by ENGIE to Meridiam at closing.

The acquisition of BTE will bring an additional 340 MW net of renewable operating assets to ENGIE (150 MW of onshore wind and 190 MW of solar photovoltaic (PV), a portfolio of more than 3 GW of advanced development pipeline/projects in a growing renewables market with robust regulatory framework and a team of around 80 recognized professionals. This acquisition further strengthens ENGIE’s strong presence in South Africa and will capitalize on the Group’s industrial value in the country, where ENGIE already operates 1.3 GW of assets, among which more than 300 MW of renewable ones (200 MW of concentrating solar-thermal power plants (CSP), 21 MW of solar PV assets and 94 MW of onshore wind assets).

Meridiam acquires the 100 MW Kipeto Wind Farm, which is located approximately 70 kilometers south of Nairobi, and has been operational since July 2021. Also included is the 50 MW Siruai greenfield wind project with storage under development. Located adjacent to the current Kipeto site, it is scheduled to become Kenya’s first battery storage facility. In parallel, more than 100 MW of additional solar PV projects’ opportunities have been identified.