A landmark acquisition in our journey to energy diversification
Our business

Seriti Green

Seriti Resources concluded the acquisition of a 100% stake in Windlab South Africa 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. Windlab Africa consists of 100% of Windlab South Africa and 75% of Windlab East Africa.

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.

Windlab Africa

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.