Puma Energy has bought a 49 per cent stake in MBHE Group, a company that provides renewable energy solutions to customers across southern Africa. The transaction aligns with Puma Energy’s objective of energising communities and helping industrial and commercial customers prepare for the future of energy and decarbonise their operations with fully integrated renewable energy solutions.
Furthermore, key growth opportunities across southern Africa include the installation of solar PV, battery energy storage solutions and off-grid solar PV plants. The alliance will also create more opportunities for MBHE to secure power purchase agreements to develop projects and benefit from long term Power Purchase Agreements.
MBHE is an industry leader in the design, supply, installation and operation of solar PV systems and battery technology catering for numerous sectors including retail centres, manufacturing, hospitals, heavy industry and mining.
REGlobal’s Views: Corporate renewable power procurement has emerged as a key market in Africa especially as grid and regulatory constraints hamper development of utility-scale projects in many nations across the continent. Thus, there are many specialised renewable energy developers like MBHE that cater to commercial and industrial users and then there are global corporates like Puma that are focused on decarbonising their energy mix. Thus, this acquisition by Puma Energy will help the company to further green its operations and also supply chains.
