Green Giraffe was mandated by Actis to assist in the acquisition of BioTherm Energy (BTE), a South African based, pan-African renewable energy company from Denham Capital. BTE consists of a team based in Johannesburg and a portfolio including 288 MW of wind and solar projects in construction in South Africa as well as a substantial pipeline of projects across the continent.
Green Giraffe advised on the acquisition process including support in preparation of the offer, support during negotiations and preparation of the financial model. The transaction closed on 1 August 2019
The portfolio of projects includes:
- Golden Valley, a 123MW wind project in the Eastern Cape
- Excelsior, a 33MW wind project in the Western Cape
- Aggeneys, a 46MW solar project in the Northern Cape
- Konkoonsies II an 86MW solar project in the Northern Cape