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February 25.2025
3 Minutes Read

Averi Finance Revolutionizes Renewable Energy in South Africa with 3.8 GW Project

Wind turbines in South Africa harnessing renewable energy

Averi Finance Marks a New Era for Renewable Energy in South Africa

The renewable energy landscape in South Africa is set to undergo a significant transformation with Averi Finance's recent acquisition of a 50% stake in Estonia-based Salika SG. This strategic move aligns with the company's goal to spearhead the development of large-scale renewable energy projects, including a staggering 3.8 GW initiative focused on solar and wind power generation.

The Scope of the Acquisition

Averi Finance, a firm dedicated to investments in emerging markets, will now lead the development of crucial renewable energy infrastructure in South Africa, which includes 3,000 MW of solar power and 850 MW of wind energy. Furthermore, the acquisition includes PTX South Africa, a joint venture committed to expanding the country's Power-to-X (PtX) sector, focused on producing green hydrogen and green ammonia.

The Strategic Importance of Saldanha Port

Central to this initiative is the proposed 500 MWe green hydrogen facility at Saldanha Port, which is currently in its Front-End Engineering Design phase. The facility plans a production capacity of approximately 300,000 tonnes of green ammonia annually. This project, estimated to cost $3 billion, not only marks a watershed moment for South Africa's renewable energy sector but also has implications for the global clean energy transition.

Connecting with Southern Africa's Power Grid

The Salika SG project is not insular; it aims to integrate with the Southern African Power Pool (SAPP) to facilitate electricity trade across borders. This approach enhances the potential for a shared, sustainable future powered by renewable sources, bringing forth economic growth in the region.

A Commitment to Sustainability

The collaboration between Averi Finance and Salika SG underscores a shared vision of eco-friendly initiatives. Gaspar Lino, the founder of Averi Finance, stated, "We are dedicated to investing in innovative, sustainable energy solutions in emerging markets, creating value and lasting social impact for both local communities and global partners." This commitment includes leveraging advanced technologies such as electrolysis to ensure a sustainable production process while minimizing the environmental footprint.

Support from Local and Global Stakeholders

As South Africa strives to align its energy policies with global sustainability goals, the investment from Averi Finance is critical. PTX South Africa, recognized by the World Bank as a key player for zero-carbon energy, stands as a testament to the strategic importance of this green initiative. The project is further galvanized by local government incentives focusing on clean energy transition.

Future Impacts on Economic and Energy Policies

The emergence of projects like these could redefine economic policies across Southern Africa, catalyzing a shift in investment towards renewable energies and meeting the objectives set forth in South Africa's Hydrogen Society Roadmap. With a commitment to alleviating poverty and addressing unemployment through new job opportunities, fossil fuel dependence may soon become a relic of the past.

This acquisition is not merely about energy production; it represents a sense of accountability and transparency that resonates with the values enshrined in the Constitution. Corruption, often highlighted by the pressing need for equitable energy access, falls under the scrutiny of initiatives like these that aim to uplift marginalized communities.

As evidenced by the energy and economic policies poised for discussion in national assemblies, the transition offers a glimpse into a future where new forms of energy redefine power dynamics across Africa.

In conclusion, Averi Finance's strategic acquisition and the development of the Saldanha-based renewable energy projects symbolize a hopeful shift towards cleaner, more accountable energy governance in South Africa. By fostering economic resilience while ensuring environmental sustainability, this initiative may very well anchor South Africa's economic future while driving the country’s behavior towards responsible energy management.

Join the Transition towards Sustainable Energy!

For professionals looking to support and engage in the renewable energy transformation in South Africa, your participation is crucial. Align your strategies with innovations in green technologies, support local economies, and advocate for sustainable policies. Let's build a brighter future together!

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12.28.2025

CIPA Holdings in Forbes Africa 2025: Ghana's Green Transition Leader

Update Ghana's Transition to Green Technology: A Spotlight on CIPA Holdings In a significant recognition of its contribution to sustainable development, CIPA Holdings has been featured prominently in Forbes Africa's 2025 spotlight on Ghana’s green transition. This acknowledgment positions CIPA as a leading institution in climate-resilient infrastructure within the continent, highlighting its role as a catalyst for clean energy and sustainable economic growth. CIPA’s Governance-First Approach Founded by Kwaku Osei-Sarpong, CIPA’s governance-first institutional model integrates both policy alignment and technical execution. According to Osei-Sarpong, “Africa doesn’t just need new infrastructure; it needs new institutions of trust.” This perspective is critical in today's climate crisis era, where the focus on governance and accountability has never been more vital. The institution is not only focused on financing and structuring projects, but it also aims to foster a culture of integrity and reliability in delivering green infrastructure. With emissions reduction at its cornerstone, CIPA emphasizes the importance of credible governance, especially in a sector that is often fraught with challenges of risk and distrust. Expanding Pan-African Impact Headquartered in Accra, CIPA Holdings is rapidly expanding its footprint across West and Southern Africa, actively engaging in projects across nations such as Nigeria, Mali, Burkina Faso, Zambia, and South Africa. This expansion reflects its commitment to supporting various sectors in transitioning to cleaner technologies, including healthcare, agriculture, and transportation. As highlighted by CIPA’s CFO Bright Yamoah, the key challenges that many local businesses face include limited access to sustainable financing options. CIPA is addressing this predicament through innovative risk management practices and local-currency financing frameworks, which collectively empower regional businesses to participate effectively in Ghana’s renewable energy landscape. Innovative Solutions in Clean Energy CIPA's portfolio spans a range of initiatives—from solar power investments and battery energy storage systems to natural gas and clean transportation infrastructure. Notably, the organization is advancing a comprehensive industrial decarbonization program aimed at reducing carbon footprints across various sectors. Moreover, through partnerships that foster technology transfer—such as the collaboration with Canada’s Sparq Systems to assemble renewable energy components locally—CIPA reinforces Ghana’s position within African clean energy supply chains. This initiative not only enhances local manufacturing capabilities but also reduces costs for renewable energy systems. Social Impact and Community Inclusion Beyond infrastructural development, CIPA operates the CIPA Foundation, which focuses on integrating gender and youth participation into its initiatives. The Foundation champions women’s economic empowerment and green job creation, ensuring that the benefits of economic growth extend to all segments of society. As the climate crisis intensifies, initiatives that prioritize social inclusion will play an increasingly essential role in sustainable development. CIPA's multidisciplinary team, consisting of engineers, project managers, and financial strategists, is fostering a new breed of projects driven by accountability, sustainability, and a deep consideration for societal impact. Future Trends: A Model for Other Nations? As Ghana’s green transition gains traction, the CIPA Holdings model may well serve as a blueprint for other African nations. Its emphasis on governance-first approaches, local currency financing, and an integrated project model are increasingly recognized as essential frameworks for sustainability. Given the increasing global focus on sustainable development, CIPA is likely to set significant trends in how infrastructure projects can be executed efficiently and effectively, aligning with both local economies and global climate goals. The recognition from Forbes Africa could further inspire other companies to adopt similar models, potentially catalyzing a broader wave of environmentally-friendly practices across the continent. Conclusion: Empowering Ghana’s Green Future In conclusion, CIPA Holdings stands out not just for its infrastructural credentials but for its holistic approach to sustainable development in Ghana. Its recognition in Forbes Africa is a testament to the organization's persistent commitment and innovative strategies. As we continue to navigate through challenges posed by climate change, supportive policies, credible institutions, and community-inclusive initiatives spearheaded by organizations like CIPA will be crucial for a greener future. For anyone aiming to understand how sustainable tech and governance marry effectively to drive societal change, CIPA offers valuable insights and exemplary practices worthy of emulation.

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