https://newsletter.en.creamermedia.com
Energy|Juwi|Power|Renewable Energy|Solar
Energy|Juwi|Power|Renewable Energy|Solar
energy|juwi|power|renewable-energy|solar

Hulisani signs R26.5m agreement to earn a stake in Rustmo1 Solar Farm

3rd April 2017

By: Megan van Wyngaardt

Creamer Media Contributing Editor Online

     

Font size: - +

JSE-listed Hulisani has entered into a R26.5-million share sale agreement with Pravin Semnarayan and Gareth Warner to acquire 100% of the issued ordinary shares in holding company Momentous Technologies.

Momentous is currently a 15% shareholder of Rustmo1 Solar Farm – a 7 MW solar photovoltaic plant in Buffelspoort in the North West.

Rustmo1, operated by Juwi Renewable Energies was the first independent power producer to be connected to the grid under government’s Renewable Energy Independent Power Producer Procurement Programme and has been operating since November 2013.

In February, Momentous triggered its preemptive right to acquire an additional 51% of the issued share capital of Rustmo1 from existing Rustmo1 shareholders for R88.5-milllion, plus interest.

Hulisani will fund the transaction from cash reserves.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Comments

Latest Multimedia

Photo of Martin Creamer
On-The-Air (30/01/2026)
30th January 2026 By: Martin Creamer
 

Showroom

Environmental Impact Management Services
Environmental Impact Management Services

EIMS is an independent specialised environmental consulting firm offering the full spectrum of environmental management services across all sectors...

VISIT SHOWROOM 
Rio-Carb
Rio-Carb

Rio Carb is an OEM (Original Equipment Manufacturer) of R-C700 Chromium Carbide (CrC) alloy clad wear plates and pipes used for heavy materials...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine cover image
Magazine round up | 30 January 2026
30th January 2026

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.246 0.36s - 204pq - 2rq
Subscribe Now