Westbrooke Alternative Asset Management has developed a renewable energy portfolio comprising 80 electricity-producing projects backed by a diverse range of commercial off-takers through power purchase agreements. These projects, in nine provinces, represent 30MW of installed solar capacity, leveraging a mix of hybrid and grid-tied solar systems designed to meet the energy demands of industries across South Africa.

Westbrooke has closed its 2025 Westbrooke Renewable Energy Alternatives (Westbrooke Real) investment strategy, that invests in sustainable energy solutions. Westbrooke Real has invested alongside seven strategic partners in a diversified portfolio of corporate and industrial solar projects, helping South African businesses mitigate rising energy costs, combat power outages, and reduce their environmental impact.

“Solar systems, where businesses generate electricity on-site, have become a vital solution. They offer relief from grid issues, significantly reduce electricity costs and provide long-term price certainty,” says Saul Maserow, fund manager for Westbrooke Real.  

“Our partnerships with seven top-tier engineering, procurement, and construction providers, independent power producers and developers have ensured solar projects that meet stringent execution, service, and risk management standards,” adds Maserow.

Westbrooke Real continues to expand, delivering co-investments across multiple projects. These include unlocking growth capital for NrG’s existing PPA portfolio, a co-investment across eight new solar and hybrid projects in partnership with Opele Sinan, and a renewable energy asset in collaboration with GAIA Fund Managers.

“The combination of strong engineering, procurement, and construction capabilities and Westbrooke’s flexible investment mandate backed by available capital has allowed us to scale renewable projects efficiently and deliver measurable benefits to South African businesses,” says Maserow.

12B and 12BA tax incentive

South Africa’s 12B and 12BA tax incentive encourage private sector investment in renewable energy. These incentives accelerated funding and deployment in the energy sector.

“The 12B tax incentive has transformed the corporate and industrial solar market,” explains Maserow. “It increased capital deployment and made solar solutions more accessible and attractive for businesses.”

Westbrooke Real continues to see strong growth in renewable energy in South Africa. The business will grow its portfolio, seeking new opportunities and partnerships to deliver innovative energy solutions that meet the increasing demand for cost-effective, sustainable power.

“Our strategy delivers energy solutions for businesses while generating excellent returns for our investors,” Maserow concludes.