Westbrooke Renewable Energy Alternatives (Westbrooke Real), an alternative investment strategy managed by Westbrooke Alternative Asset Management, has acquired a portfolio of operational solar PV and battery energy storage system (BESS) assets located at 91 Shell Downstream South Africa- (SDSA-) owned service stations across South Africa.

The portfolio was bought alongside one of Westbrooke Real’s partners, CVE South Africa, an experienced independent power producer. The assets were acquired from Thebe Solar Energy, which exited its position as part of a strategic realignment.

In a media release, Westbrooke Real explains that the portfolio is fully operational and produces about 7.8 GWh/y of renewable power.

The company notes that the acquisition forms part of Westbrooke Real’s strategy to invest in South African behind-the-meter solar projects with experienced operators such as CVE.

Westbrooke Real’s partnership with CVE has resulted in the joint acquisition and development of four renewable-energy portfolios.

Westbrooke and CVE jointly own over 12 MW of solar projects, reflecting a shared commitment to the investment in high-quality renewable-energy assets.

This transaction demonstrates Westbrooke Real’s ability to structure and execute complex deals in the South African renewable-energy sector.

The strategy offers investors access to renewable-energy assets and is well-positioned to support additional investments alongside industry-leading partners, with capital readily available.

Under the new ownership, the 91 SDSA sites will benefit from the ongoing support of Westbrooke Real as a stable, long-term investor, ensuring continued value for these assets.

Backed by CVE’s proven operational expertise, Westbrooke Real says the sites are set to maintain high-quality management and a reliable supply of renewable energy.

“The transaction demonstrates our ability to source and execute attractive investment opportunities in operational renewable-energy assets, supporting our goal of building a robust and resilient portfolio for our investors,” says Westbrooke Real transactor Nox Mlalazi.

“We are pleased to continue our partnership with Westbrooke and to support the ongoing operation of these assets, contributing to the reliable supply of clean energy across South Africa,” adds CVE South Africa country manager René Laks.