H1 Holdings and Revego Fund Managers have entered discussions to merge their renewable energy portfolios and investment capabilities, a move that could create one of South Africa’s largest dedicated renewable energy investment platforms with assets valued at approximately US$820 million (R13.3 billion).
The proposed transaction would combine H1 Holdings’ portfolio of operating renewable energy assets with Revego’s institutional investment platform, creating a scaled entity focused on the ownership, management, and long-term growth of renewable energy infrastructure across South Africa.
H1 Holdings currently holds interests in 26 renewable energy projects spanning solar, wind, battery energy storage, and hydropower technologies. The diversified portfolio provides a strong operational foundation and positions the combined entity to capitalize on growing demand for clean energy investments.
The merger discussions come as South Africa’s renewable energy sector continues to mature, attracting increasing interest from institutional investors such as pension funds, insurance companies, and infrastructure funds seeking stable, long-term returns from operational renewable energy assets.
Industry observers note that the proposed platform could play a significant role in facilitating capital recycling within the renewable energy sector. By acquiring and managing mature renewable energy assets, the combined entity would enable developers and early-stage investors to unlock capital for reinvestment into new clean energy projects, supporting continued sector growth.
The transaction also reflects a broader trend toward consolidation within South Africa’s renewable energy market, as investors seek larger, diversified platforms capable of delivering operational scale and attracting long-term institutional capital.
If completed, the merger would strengthen the position of both companies in the renewable energy infrastructure market and create a significant investment vehicle supporting South Africa’s energy transition objectives. The combined platform is expected to focus on expanding renewable energy investments while contributing to the development of a more resilient and sustainable power sector.
The proposed deal underscores the growing importance of institutional capital in accelerating renewable energy deployment and supporting the long-term development of clean energy infrastructure across Africa.
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