EIMS Africa has successfully acquired Renewable Energy Empowerment Management Services (Reesco) – a key step in the company’s expansion plans as it anticipates increasing its generation capacity to about 1 500 MW by late 2022. EIMS Africa’s current renewable energy portfolio comprises 13 utility-scale projects with a combined generation capacity of over 850 MW, including the 50 MW De Wildt solar farm in the Northwest province. The acquisition of Reesco will enable EIMS to bolster its capacity and capabilities. This growth is not possible without a dedicated team of experienced individuals who know what it takes to deliver and operate these projects.
Reesco’s team adds its experience as an expert management services company that specializes in technical, administrative and compliance competencies related specifically to South Africa’s Renewable Energy Independent Power Producer Procurement Programme’s regulatory environment. EIMS Africa is majority owned by the Old Mutual IDEAS Fund, managed by African Infrastructure Investment Managers (AIIM).