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Growthpoint Properties acquires 30% stake in new Boston Hydroelectric plant – Property Wheel
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Growthpoint Properties acquires 30% stake in new Boston Hydroelectric plant – Property Wheel
Growthpoint Properties has acquired a 30% stake in the operational Boston Hydroelectric plant, a R390 million development by independent power producer Serengeti Energy in the Lesotho Highlands Water Scheme near Clarens. The new hydroelectric plant was certified for commercial operations by Eskom on the 17th of October 2025 and it has already started adding renewable energy to the national grid. As early as 2023, the REIT secured exclusive acces…
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