During its recent meeting, the Competition Commission of South Africa (CCSA) reviewed various matters related to competition in the country. Among them was the proposed transaction between Volo Group (Pty) Ltd (Volo) and Solar Capital De Aar (RF) (Pty) Ltd (SCDA), which has received unconditional approval from the commission.
Volo, an investment holding company, sought to acquire shares in SCDA from the Public Investment Corporation (PIC), representing the Government Employees Pension Fund (GEPF). Volo is the primary acquiring firm and owns Volo G5 (Pty) Ltd, Volo Kagiso (Pty) Ltd, and Volo Energy (Pty) Ltd. However, it currently does not have any investments or business operations.
SCDA, on the other hand, is a special-purpose company operating as an Independent Power Producer (IPP). It participates in the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) initiated by the Department of Mineral Resources and Energy (DMRE). The program aims to bring additional renewable energy sources, including solar, wind, biomass, and small hydro, to South Africa’s electricity system through private sector investments.
This approval reinforces Volo Group’s efforts to contribute to the renewable energy sector and aligns with South Africa’s goals of increasing the share of clean energy in its power generation mix. The collaboration between Volo and SCDA in the REIPPPP program will help further expand the country’s renewable energy capacity and drive sustainable development.
With the Competition Commission’s green light, Volo Group can move forward with its plans to acquire shares in Solar Capital De Aar, bolstering South Africa’s efforts in transitioning to a cleaner and more sustainable energy future.
 has granted unconditional approval to Volo Group for its acquisition of Solar Capital De Aar (SCDA). The transaction, aimed at expanding renewable energy capacity, received positive assessments regarding competition and public interest concerns.){kind=link}