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Globeleq To Acquire The Mozambican Mocuba Solar Pv Plant From Scatec

RECENTLY ACQUIREDJul 18, 2023

Acquiring Company

Globeleq

Acquired Company

THE MOZAMBICAN MOCUBA SOLAR PV PLANT

NairobiConstructionBuilding Maintenance

Description

Globeleq, the leading independent power company in Africa, has agreed to purchase Scatec A.S.A.'s 52.5% stake in the 41 MW Central Solar de Mocuba solar PV power plant (Mocuba). Globeleq will also purchase KLP Norfund Investments A.S.'s 22.5% stake in the plant at the same time.

Quick answer

Globeleq is acquiring THE MOZAMBICAN MOCUBA SOLAR PV PLANT, announced July 18, 2023. Globeleq is based in Nairobi, Nairobi County, Kenya.

How much did Globeleq pay for THE MOZAMBICAN MOCUBA SOLAR PV PLANT?
The deal value was not disclosed.
What does Globeleq do?
Globeleq, which is owned 70% by British International Investment and 30% by Norfund, is providing equity, project development and construction management experience.
Where are Globeleq and THE MOZAMBICAN MOCUBA SOLAR PV PLANT based?
Globeleq is based in Nairobi, Nairobi County, Kenya.
Who are the decision-makers at Globeleq?
Fundz holds 1 contact at Globeleq. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Globeleq

Location

Nairobi, Nairobi County, Kenya

About

Globeleq, which is owned 70% by British International Investment and 30% by Norfund, is providing equity, project development and construction management experience. Globeleq will operate and maintain the power plant once it has reached commercial operations in 2025.

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Frequently asked

Who acquired THE MOZAMBICAN MOCUBA SOLAR PV PLANT?

THE MOZAMBICAN MOCUBA SOLAR PV PLANT was acquired by Globeleq, based in Nairobi. The deal was reported on July 18, 2023. Globeleq, which is owned 70% by British International Investment and 30% by Norfund, is providing equity, project development and construction management experience. Globeleq is privately held and operates in Construction.

When did Globeleq acquire THE MOZAMBICAN MOCUBA SOLAR PV PLANT?

Globeleq's acquisition of THE MOZAMBICAN MOCUBA SOLAR PV PLANT was reported on July 18, 2023. Globeleq, the leading independent power company in Africa, has agreed to purchase Scatec A.S.A.'s 52.5% stake in the 41 MW Central Solar de Mocuba solar PV power plant (Mocuba). Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does THE MOZAMBICAN MOCUBA SOLAR PV PLANT do?

THE MOZAMBICAN MOCUBA SOLAR PV PLANT is the company acquired in this transaction. It is privately held.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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