In South Africa, Westbrooke Alternative Asset Management reached its R300 million inaugural tax-enhanced renewable energy alternatives investment strategy. The fund manager will now invest the capital alongside South African businesses that install, operate and own small- to medium-scale embedded generation solar PV projects. According to the company, Westbrooke REAL allows investors to benefit from owning the underlying solar PV projects and claim the 12B tax benefits. • Existing and greenfield solar projects. As such, the fund will invest in projects that provide off-takers electricity supply certainty and cheaper electricity over the long term.

Source: The North Africa Journal July 31, 2023 09:38 UTC