Stanlib Infrastructure Fund News Today

Adjudication of tender worth hundreds of millions issued by auto industry has been finalised.

Since its launch in July 2020, this particular fund has raised R11.2-billion worth of new commitments, with a mandate that includes a bias towards renewable energy and digital infrastructure.

Renewable energy company Scatec has concluded the sale of its 42% equity stake in the 258 MW Upington solar plant for R973-million. It will, however, continue to provide operations and maintenance, and asset management services to the plants.

The Upington solar farm has capacity to power 120 000 households annually.