Industry Newsroom

AIIM and Nedbank Invest USD26 Million in SOLA Group

African Infrastructure Investment Managers (AIIM), a subsidiary of Africa-focused asset manager Old Mutual Alternative Investments, and Nedbank Energy Finance have agreed to invest ZAR400 million (approximately USD26 million) in SOLA Group, a South-Africa based renewable energy provider. The company, which develops and operates solar photovoltaic (PV) projects, will use the funding to construct 40 megawatts of commercial and industrial PV facilities across Southern Africa.