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"contents": "<span style=\"font-weight: 400;\">Stanlib Asset Management anticipates that its purchase of a 51% controlling stake in Solareff, via the Stanlib Infrastructure Fund II, will enable the renewable energy solutions company to increase access to more reliable power at competitive tariffs. The fund has committed to providing R600-million to finance capex-free energy solutions over the next 18 months.</span>\r\n\r\n<span style=\"font-weight: 400;\">Since its launch in July 2020, this particular fund has raised R11.2-billion worth of new commitments, with a mandate that includes a bias towards renewable energy and digital infrastructure.</span>\r\n\r\n<span style=\"font-weight: 400;\">Andy Louw, co-head of the Stanlib Infrastructure Fund II, says the investment manager is “uniquely positioned to help Solareff continue its growth journey in the commercial and industrial power sector, across South Africa”.</span>\r\n\r\n<span style=\"font-weight: 400;\">Stanlib has also established Solareff Green, which offers capex-free energy solutions to commercial and industrial customers via power purchase agreements. </span>\r\n\r\n<span style=\"font-weight: 400;\">The investment manager says it has committed substantial capital to fast-track the build-out of capex-free energy solutions through Solareff.</span>\r\n\r\n<p><a href=\"https://www.dailymaverick.co.za/172560892_4578387618844152_5742914385242607454_n/\"><img loading=\"lazy\" class=\"size-full wp-image-1798305\" src=\"https://www.dailymaverick.co.za/wp-content/uploads/2023/08/172560892_4578387618844152_5742914385242607454_n.jpeg\" alt=\"GridCars Managing Director Winstone Jordaan and Solareff CEO Jaco Botha\" width=\"720\" height=\"381\" /></a> <em>GridCars Managing Director Winstone Jordaan and Solareff CEO Jaco Botha. (Photo: Facebook / Solareff)</em></p>\r\n\r\n<span style=\"font-weight: 400;\">One of the flagship initiatives within the Solareff stable is GridCars, the owner, operator and supplier of charge-network infrastructure with related network software for electric vehicles (EVs) in South Africa. </span>\r\n\r\n<span style=\"font-weight: 400;\">Solareff bought a 75% stake in GridCars in September 2017. </span>\r\n\r\n<span style=\"font-weight: 400;\">The company is in a prime position to take advantage of the global move towards more environmentally friendly vehicles as fast-rising fuel prices push more</span><a href=\"https://www.dailymaverick.co.za/article/2023-08-03-steep-fuel-prices-are-driving-increasing-interest-in-hybrid-vehicles/\"> <span style=\"font-weight: 400;\">South Africans to give serious consideration to hybrid vehicles.</span></a>\r\n\r\n<span style=\"font-weight: 400;\">Jaco Botha, chief executive and co-founder of Solareff, hailed the Stanlib investment as “the beginning of our next chapter as Solareff continues to play a critical role in South Africa’s energy transition”. </span><b>DM</b>",
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"description": "<span style=\"font-weight: 400;\">Stanlib Asset Management anticipates that its purchase of a 51% controlling stake in Solareff, via the Stanlib Infrastructure Fund II, will enable the renewable energy solutions company to increase access to more reliable power at competitive tariffs. The fund has committed to providing R600-million to finance capex-free energy solutions over the next 18 months.</span>\r\n\r\n<span style=\"font-weight: 400;\">Since its launch in July 2020, this particular fund has raised R11.2-billion worth of new commitments, with a mandate that includes a bias towards renewable energy and digital infrastructure.</span>\r\n\r\n<span style=\"font-weight: 400;\">Andy Louw, co-head of the Stanlib Infrastructure Fund II, says the investment manager is “uniquely positioned to help Solareff continue its growth journey in the commercial and industrial power sector, across South Africa”.</span>\r\n\r\n<span style=\"font-weight: 400;\">Stanlib has also established Solareff Green, which offers capex-free energy solutions to commercial and industrial customers via power purchase agreements. </span>\r\n\r\n<span style=\"font-weight: 400;\">The investment manager says it has committed substantial capital to fast-track the build-out of capex-free energy solutions through Solareff.</span>\r\n\r\n[caption id=\"attachment_1798305\" align=\"alignnone\" width=\"720\"]<a href=\"https://www.dailymaverick.co.za/172560892_4578387618844152_5742914385242607454_n/\"><img class=\"size-full wp-image-1798305\" src=\"https://www.dailymaverick.co.za/wp-content/uploads/2023/08/172560892_4578387618844152_5742914385242607454_n.jpeg\" alt=\"GridCars Managing Director Winstone Jordaan and Solareff CEO Jaco Botha\" width=\"720\" height=\"381\" /></a> <em>GridCars Managing Director Winstone Jordaan and Solareff CEO Jaco Botha. (Photo: Facebook / Solareff)</em>[/caption]\r\n\r\n<span style=\"font-weight: 400;\">One of the flagship initiatives within the Solareff stable is GridCars, the owner, operator and supplier of charge-network infrastructure with related network software for electric vehicles (EVs) in South Africa. </span>\r\n\r\n<span style=\"font-weight: 400;\">Solareff bought a 75% stake in GridCars in September 2017. </span>\r\n\r\n<span style=\"font-weight: 400;\">The company is in a prime position to take advantage of the global move towards more environmentally friendly vehicles as fast-rising fuel prices push more</span><a href=\"https://www.dailymaverick.co.za/article/2023-08-03-steep-fuel-prices-are-driving-increasing-interest-in-hybrid-vehicles/\"> <span style=\"font-weight: 400;\">South Africans to give serious consideration to hybrid vehicles.</span></a>\r\n\r\n<span style=\"font-weight: 400;\">Jaco Botha, chief executive and co-founder of Solareff, hailed the Stanlib investment as “the beginning of our next chapter as Solareff continues to play a critical role in South Africa’s energy transition”. </span><b>DM</b>",
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GridCars Managing Director Winstone Jordaan and Solareff CEO Jaco Botha. (Photo: Facebook / Solareff)