The founders and management team of Solareff today announced the acquisition of STANLIB Infrastructure Fund II’s interest in Solareff, concluding a successful period of partnership and marking the next phase in Solareff’s development. STANLIB’s exit reflects the natural evolution of its infrastructure portfolio strategy, with an increased focus on utility-scale infrastructure investments. The transaction allows both parties to pursue their respective strategic priorities while ensuring continuity and stability within Solareff’s operations.
During the investment period, Solareff made meaningful progress in strengthening its operational platform and executing key strategic initiatives, including the successful exit from GridCars. The partnership supported Solareff’s growth and helped position the business for its next stage of development.
Commenting on the transaction, Jaco Botha said: “STANLIB has been a constructive and supportive investor during an important period of Solareff’s growth. The business has built a strong platform over this time, and we are focused on leveraging that foundation to pursue the next exciting phase of our strategy and long-term growth objectives.”
De Villiers Botha added: “We appreciate STANLIB’s contribution to the business over the course of the investment. We are proud of what the team has achieved to date, and we are energised by the opportunities that lie ahead as we continue growing Solareff.”
Greg Babaya, Head of Investments at STANLIB Infrastructure, commented: “Solareff has developed a strong and credible renewable-energy platform over the course of our investment. We are proud to have supported the business during this phase of its growth, and we believe Solareff is well positioned to continue executing its strategy and pursuing future growth opportunities.”
Looking ahead, Solareff will continue to strengthen its market position, deepen client relationships, and pursue opportunities aligned with its long-term strategic objectives in the renewable energy sector.
