Mike Teke, Seriti CEO says: “The acquisition is a timely and strategic addition to our existing and valuable portfolio of coal assets. Our commitment to the responsible and reliable production of coal for both domestic consumption and exports remains unwavering.”
As a responsible coal producer, Seriti is conscious of the impact that fossil fuels have on the environment and is committed to playing an active role in helping manage the just transition to a low-carbon economy while balancing South Africa’s energy needs.”
Further details are available in the following media releases
Windlab, as acquired by Seriti, is currently overseeing 3.5 GWs of renewable energy projects at different stages of development in South Africa and east Africa and will continue to be managed by current Managing Director Peter Venn and the Windlab Africa team.
This acquisition gives Seriti access to a portfolio of existing world-class renewable assets with a high return rate, a promising project pipeline and a highly experienced management team.