Kibo Energy to acquire renewable energy assets from ESGTI
Kibo Energy has signed a binding term sheet with Swiss company ESGTI for a reverse takeover to acquire a diverse portfolio of renewable energy projects. The deal targets a generation capacity of 20 GW across Europe and Africa within six years, encompassing 36 development projects in 15 countries. Valued at €400 million ($445 million), the acquisition marks Kibo’s strategic shift away from coal and waste-to-energy projects in Sub-Saharan Africa, managed by its subsidiary Kibo Mining…