Description of Activities

The Commission resolved to approve without conditions the acquisition by Broadreach Yield (Pty) Ltd of additional shares in Trekkopje Solar Energy Namibia (Pty) Ltd.

The acquiring group invests in, owns, and operates renewable energy and energy efficiency systems in the South African region.

The target undertaking controls Sertum Energy Namibia (Pty) Ltd., which in turn owns the Trekkopje Solar Plant, which is a 5.7 MWp solar photovoltaic (PV) power plant situated near Arandis in the Erongo Region, Namibia.

Relevant market: Defined as the electricity generation market in Namibia. 

Merger Determination

The Commission found the proposed transaction unlikely to result in the prevention or substantial lessening of competition; it does not result in any undertaking acquiring or strengthening a dominant position in the market and does not raise any public interest concerns.