Investor Name: Agrigroupe Energy Holdings/ Sango Capital
Investment Rationale
Agrigroupe Energy Holdings and its underlying investors acquired POWERX to facilitate renewable energy trading in South Africa as the market liberalized and opened up to new traders and emerging renewable IPPs. PowerX’s first mover advantage and unique regulatory status catalysed the development and trading of renewable power in South Africa.
Investment Impact
PowerX collaborates with IPPs and the government to ensure that privately-funded, utility-scale generation projects help de-carbonize South Africa’s energy production. PowerX delivers comprehensive risk mitigation strategies for all stakeholders.