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Seriti Green
Seriti Resources concluded the acquisition of a 100% stake in Windlab South Africa on 1 December 2022 and is in the process of concluding the acquisition of Windlab East Africa (together, Windlab Africa) through its subsidiary Seriti Green, as it seeks to lower its carbon footprint and ensure long-term sustainability as a diversified energy producer. This is a significant step in the development of Seriti Green, which was announced in November 2021.
Seriti Resources concluded the acquisition of a 100% stake in Windlab South Africa on 1 December 2022 and is in the process of concluding the acquisition of Windlab East Africa (together, Windlab Africa) through its subsidiary Seriti Green, as it seeks to lower its carbon footprint and ensure long-term sustainability as a diversified energy producer. This is a significant step in the development of Seriti Green, which was announced in November 2021.
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
– 10 August 2022, Seriti resources acquires majority interest in Windlab Africa’s 3.5 GW renewables assets.
– 1 December 2022, Seriti Resources concludes the acquisition of a 100% interest in Windlab Africa’s South African portfolio of ~4gw renewables assets.
– 2 February 2023, Seriti to construct 155 MW wind farm in Mpumalanga.
Seriti Green
Seriti Green is a subsidiary of Seriti Resources, which is managed by Seriti Green CEO Peter Venn, that will seek and develop renewable energy projects as an integral part of Seriti’s energy portfolio.
