Applications of renewable energy technology are frequently found in the developing countries of Africa. Currently, energy is being supplied to urban and rural populations in many countries by small-scale wind, solar, and geothermal devices. Due to the high cost of delivering electricity from large-scale power plants, these methods of energy production are especially helpful in remote areas. When used sustainably and with human rights as a top priority, renewable energy applications have the potential to solve many of the issues that Africans deal with on a daily basis. In order to combat poverty and encourage economic development, access to energy is crucial.
All of these processes require access to plentiful, dependable, and affordable energy. Examples include communication technologies, education, industrialization, agricultural advancement, and the growth of municipal water systems. The amount of money invested in renewable energy by different parties has increased. Actis is the newest one.
Infinity Group and AFC have agreed to purchase the Lekela platform from Actis, a worldwide investor in sustainable infrastructure, and Mainstream, a global wind and solar company, subject to regulatory approvals and usual closing conditions.
Lekela, which was founded in 2015 to provide safe, dependable energy across Africa, has grown to be the largest pure-play renewable energy IPP (Independent Power Producer) on the continent. The platform includes more than 1 GW of fully operating wind assets, including five active wind farms in South Africa (624 MW), one active wind farm in Egypt (252 MW), one active wind farm in Senegal (159 MW), as well as development prospects in Ghana, Senegal, and Egypt.
Actis (60 percent) and Mainstream Renewable Power Africa Holdings (‘MRPAH’) (40 percent), a group led by Mainstream, collaborated to create the platform. The planned exit shows how their collaboration strategy for Lekela, which was implemented after a thorough value creation strategy, successfully concluded.
Actis and Mainstream adhered to their strict, guiding standards for sustainable development throughout the entire process of development, construction, and operations, guided by close consultation with neighborhood residents.
Lekela has put into practice the highest international standards for health, safety, and environmental protection with the help of Actis’ and Mainstream’s committed sustainability professionals. Lekela has also grown to be deeply devoted to local development and is still running a community investment program that funds initiatives for environmental protection, education, and entrepreneurship.