AIIF2 fund sells its stake in South African renewable energy projects

SOUTH AFRICA – African Infrastructure Investment Managers (AIIM), infrastructure-focused private equity fund managers, has sold its Africa infrastructure fund’s interests in South African renewable energy projects.  AIIM said the African Infrastructure Investment Fund 2 (AIIF2) fund has sold its 14% stake in the 139MW Cookhouse wind farm, and its 34% stake in the 75MW REISA solar facility to co-shareholder IDEAS Managed Fund, a South Africa focused fund managed by AIIM.  “The exits mark a long involvement in these projects for AIIM, starting at the inception of the renewables market in South Africa,”…

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