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STANLIB enters into a partnership to bring much-needed energy to SA’s business sector

STANLIB Infrastructure Investments, through the STANLIB Infrastructure Fund II, has joined hands with two long-standing and well-established partners to create an innovative new renewable energy platform, Lyra Energy. The partnership will further enhance its clients’ ability to have an impact through their investments.
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STANLIB
STANLIB

STANLIB Infrastructure Investments

STANLIB has taken another step in discharging its responsibility for impact investing by partnering with Scatec, a global renewable energy provider, and Standard Bank, the largest funder of infrastructure in Africa, to create an innovative new renewable energy platform, Lyra Energy.

 

Lyra Energy will fund, build, own and operate renewable generation assets in SA. It will wheel affordable and reliable power across Eskom’s transmission infrastructure to medium and large commercial and industrial customers, who will sign fixed term offtake agreements. These customers will be able to obtain green energy certifications that are key to achieving individual and global net zero goals.

 

Scatec, the technical partner, is a global IPP that already has 4.3 GW of power projects in operation or under construction. STANLIB’s role will be to mobilise long-term private sector investment for Lyra Energy, particularly from SA’s substantial retirement industry. Standard Bank will support Lyra Energy from the R50 billion it has committed towards financing renewable energy projects.

 

Over the past decade, private investors such as STANLIB have helped to grow SA’s renewable energy infrastructure by supporting independent power producers. At present, STANLIB manages over R12 billion of infrastructure investments through STANLIB Infrastructure Fund I and Fund II, which are committed to fulfilling the highest environmental, social and governance principles.

 

For more information, read here: https://lyraenergy.co.za/.

 

STANLIB Infrastructure Investments is an investment team within STANLIB, a leading South African asset manager.

STANLIB Infrastructure Investments focuses on broad-based infrastructure and encompasses number of sectors: power, renewable energy, rail, roads, airports, water, storage and logistics and digital infrastructure.

 

We offer investors a compelling opportunity to invest across various infrastructure projects through a range of private equity funds.

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