Case study
Gneiss advises Renergen R1 billion investment from the Central Energy Fund
State-owned Central Energy Fund has entered into a term sheet to invest R1bn into Tetra4 Proprietary Limited.
Gneiss Energy is delighted to have acted as adviser to our client Renergen who have announced today that the state-owned Central Energy Fund has entered into a term sheet to invest R1bn into Tetra4 Proprietary Limited.
Tetra4 is 100% owner of the Virginia Gas Project, and the proceeds of the investment will be used by Renergen to progress the development of Phase 2 of this project. This major investment will also see Central Energy Fund take a 10% stake in Tetra4.
Hear from our client
The future is bright for Renergen and shareholders should be very excited by what we are building. Virginia will play a critical role in the future supply of clean energy as well as in-demand helium.
Stefano Marani
CEO of Renergen
Project team
Jon Fitzpatrick
Managing Director
Doug Rycroft
Director
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