Electricity and Control October 2022

ENERGY MANAGEMENT + THE INDUSTRIAL ENVIRONMENT : PRODUCTS + SERVICES

Acquisition supports EIMS Africa’s growth strategy

EIMS Africa’s growth strategy, which anticipates a generation capacity of around 1 500 MW from more than 20 renewable energy Independent Power Producers by late 2022, led to its acquisition of REESCO. This marks a key step in facilitating the company’s expansion. Already one of South Africa’s largest renewable energy platforms, with a portfolio of 13 utility-scale renewable energy projects providing a combined generation capacity of over 850 MW, EIMS Africa’s bullish plans are in line with the country’s accelerated move to renewable energy. The successful acquisition of Renewable Energy Empowerment Management Services (Pty) Ltd, known as REESCO in the local renewable energy market, will see REESCO’s team joining EIMS Africa to bolster capacity and capabilities. Ryan Hammond, CEO of EIMS Africa, explained the motivation for the transaction. “We are in a significant growth phase, having started with just three projects in 2018 and having grown the platform to 13 projects to date. We have several other secured projects at various stages of the financial close process and, by the end of this year, we expect that number to almost double, along with our platform’s generation capacity. This growth is not possible without a dedicated team of experienced individuals who know what it takes to deliver and oper

ate these projects. The REESCO acquisition is a key step in facilitat ing our growth as it increases the depth and experience of our team.” REESCO’s team adds its experience as an expert manage

South African-owned renewable energy company, EIMS Africa, has a portfolio of 13 utility-scale renewable energy projects.

ment services company that specialises in technical, administrative and compliance competencies relat ed specifically to the regulatory environment of South Africa’s Renewable Energy Independent Power Producer Procurement Programme (REIPPPP). Dr Tamuka Kaseke, Founder and CEO of REESCO, said, “We believe this is a win-win transaction for both parties. EIMS Africa gets to take on a solid and seasoned team with over eight years’ experience, and the REESCO staff get an opportunity to diversify their knowledge and experience base in terms of renewable energy asset management. We wish them well in their new growth path.”

For more information visit: https://eimsafrica.com

OCTOBER 2022 Electricity + Control

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