- Swire Renewable Energy purchased Obelisk to consolidate its business in South Africa and establish a footprint in the Irish renewable services sector.
- Obelisk has supported over 200 renewable energy development sites and more than 20 wind farms in South Africa since 2010.
Swire Renewable Energy A/S, a renewable energy maintenance and services company owned by the Swire Group, has acquired Obelisk Energy Services Ltd. Swire purchased Obelisk’s related South African group and Irish companies, Obelisk Energy Ltd (Ireland). The company acquired Obelisk to consolidate its business in South Africa and establish a footprint in the Irish renewable services sector.
Obelisk’s renewable services businesses are leading suppliers of high-quality maintenance, testing and support services based in Capetown, South Africa. It has supported over 200 renewable energy development sites and more than 20 wind farms in South Africa since 2010. In addition, the firm provides wind measurement services, HS&E advisory services, statutory inspections, operational maintenance services and blade and tower services as part of its product portfolio. Obelisk is committed to local content and job creation in South Africa.
The CEO of Swire Renewable Energy, Ryan Smith, said, “Acquiring the renewable services business of Obelisk represents a significant strategic move for Swire Renewable Energy and consolidates our African position following last week’s acquisition of Altitec Blade Services, which provides blade services in South Africa. Africa is an important and highly prospective maintenance and service market for wind turbines, solar and P2X infrastructure.
“By combining the Obelisk and Altitec teams in South Africa, together with Swire Renewable Energy’s core HV, mechanical, turbine, and installation teams, we now have the right platform in place to develop a competitive long-term strategy for OEMs, project developers, and energy producers in the African renewable energy sector. Swire has significant operating experience throughout Africa, and we will be leveraging that experience as we focus on developing our service network with these important acquisitions.”