capital · May 20, 2026
African Rainbow Energy Acquires Majority Stake In SOLA Group
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African Rainbow Energy acquired an 83% stake in SOLA Group valued at more than 20 billion rand. The deal expands the company's renewable energy portfolio in South Africa where SOLA supplies major clients like Amazon and Vodacom. Leadership changes within SOLA Group support the next phase of growth following the controlling ownership shift.
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