Norwegian renewables company moves on South African peer

Magnora will almost double its clean power portfolio in South Africa with the acquisition of a 92% stake in African Green Ventures. With the latter's management team to hold the remaining shares in the business, Magnora has not revealed how much the acquisition will cost nor how the deal will be structured.Norwegian wind power company Magnora has acquired 92% of Cape Town-based project developer African Green Ventures (AGV) in a move which will double its renewables portfolio in South Africa to almost 1.7GW. The deal will see Magnora assume control of AGV's more-than-800MW of wind and solar ...

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