News
13 January 2021

Globeleq buys majority stake in Nigerian power company

In:
Renewables
Region:
Middle East & Africa

African IPP Globeleq will take a 74% equity stake in Nigerian power business CPGNL Limited which it will rebrand as Globeleq Power Solutions Nigeria Limited. Current owner Clean Energy Group will retain the remaining 26% interest. CPGNL's assets are located mainly in the country's southwest,...

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