Engie and Meridiam to acquire BTE Renewables from Actis
Engie and Meridiam, two French companies, have reached an agreement with Actis to acquire BTE Renewables, a South Africa-based company that develops renewable energy, for $1 billion. Actis developed the renewables platform in 2017 after acquiring the Kipeto wind project in Kenya during its development stage. In 2019, it expanded the platform with the purchase of BioTherm Energy, a South Africa-focused company, and rebranded it as BTE Renewables.
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