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Puma Energy Acquires Stake in Renewable Energy Specialist MBHE

January 18, 2024
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Puma Energy Acquires Stake in Renewable Energy Specialist MBHE
  • Puma Energy acquires 49% stake in renewable energy project developer
  • MBHE provides renewable energy project development, implementation and maintenance across southern Africa

Singapore, 18 January 2024 — Global Energy business Puma Energy today announced it has acquired a 49 percent stake in MBHE Group, (PTY) LTD a company that provides renewable energy solutions to customers across southern Africa and owns its own high-quality renewable energy assets across the continent.

The transaction aligns with Puma Energy’s purpose of energising communities and helping industrial and commercial customers prepare for the future of energy and decarbonise their operations with fully integrated renewable energy solutions.

MBHE is an industry leader in the design, supply, installation and operation of solar PV systems and battery technology catering for numerous sectors including retail centres, manufacturing, hospitals, heavy industry and mining. The partnership with Puma Energy will drive expansion by providing access to new customers and unlocking financial facilities to fully develop its pipeline of projects.

Key growth opportunities across southern Africa include the installation of solar PV, Battery Energy Storage solutions and off-grid solar PV plants. The partnership will also create more opportunity for MBHE to secure power purchase agreements to develop projects and benefit from long term Power Purchase Agreements.

MBHE Financial Director Werner van Wyk said, “The partnership between Puma Energy and MBHE enables us to maintain our aggressive growth strategy, offering energy as a service. The unique differentiator is not only being able to provide holistic solar and energy storage solutions with strong technical and financial support but also accessing a much larger market through Puma’s existing footprint and network of commercial and industrial clients into Sub-Saharan Africa.” 

Puma Energy Head of Solar for Africa Shamsher Singh said, “Puma Energy is committed to its purpose of energising communities and helping our customers and partners to reduce their carbon emissions and prepare for the future of energy. Our partnership with MBHE will help realise that vision across southern Africa. Many of Puma Energy’s industrial and commercial customers are seeking renewable energy solutions and MBHE already has an impressive pipeline of projects which will drive growth over the next few years.”

About Puma Energy

Puma Energy is a leading global energy business, safely providing energy across six continents. Our downstream business segments include fuels, aviation, lubricants and bitumen. Our purpose is energising communities to help drive growth and prosperity by sustainably serving our customers’ needs in high potential countries around the world.

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