en.Wedoany.com Reported - H1 Holdings (H1) and Revego Fund Managers (RFM) have initiated strategic merger negotiations. The combined entity, with an asset base of approximately ZAR 13.3 billion, is expected to become one of South Africa's largest dedicated equity investment platforms for renewable energy.
Under the proposed merger, H1's portfolio spanning 26 renewable energy projects—including operational wind, solar, battery storage, and hydropower assets—will be injected into the new platform. RFM will contribute its established fund management system, encompassing the Investec-backed Revego Africa Energy Fund, with deep experience in long-term infrastructure capital raising and deployment. The new entity aims to support the next phase of South Africa's energy transition by enhancing market liquidity, promoting capital recycling, and attracting long-term infrastructure investment.
Ziyaad Sarang, Chief Investment Officer at RFM, commented that the renewable energy sector is entering a more mature phase as operational asset scale expands and institutional investor participation deepens. The core of this merger is to build a large-scale, specialized platform capable of acquiring and managing assets, supporting secondary market activities, and increasing institutional shareholding.
Reyburn Hendricks, CEO of H1 Holdings, believes the transaction will enhance the depth and efficiency of South Africa's renewable energy market, allowing H1 to continue focusing on the origination, development, acquisition, and optimization of infrastructure assets. He added that the merged platform is conducive to the long-term holding of renewable energy assets and promoting broader economic participation in the energy transition.
The merged platform is expected to play an active role in anticipated industry consolidation from 2028, targeting South African pension funds, insurance companies, and institutional investors seeking long-term inflation-linked returns from operational renewable energy assets. The transaction remains subject to approvals from regulators, lenders, and other stakeholders, and both entities will continue to operate independently until completion.
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