Puma Energy has acquired a 49% stake in the MBHE Group, a leading provider of renewable energy solutions across Southern Africa. The news, stated in a Puma Energy press release on Thursday, signals Puma's commitment to diversify its portfolio and embrace the rising tide of clean energy.

Based in Centurion, MBHE has a strong track record in solar PV and battery storage across the Southern African region, catering to industrial and commercial clients including retail, hospitals as well as heavy industry and mining. Their expertise aligns with Puma's stated purpose of energising communities and helping businesses decarbonise their operations by focusing on high-potential countries across the world.

The financial terms of the transaction remain undisclosed, but both companies stressed that the acquisition is mutually beneficial for both organisations.

 “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,” Puma Energy said, adding that the alliance will create more opportunities for MBHE to secure long-term power purchase agreements.

“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,” said Puma Energy’s Head of Solar for Africa, Shamsher Singh.

Renewable energy specialist Sarah Jones told PV Magazine International that the collaboration creates a powerful combination of financial muscle and technical expertise.