Solar financing specialist SolarAfrica, together with investment management company Inspired Evolution, signed a R100-million equity investment facility which enables a fund size of up to R500-million to finance solar PV solutions. The new funding joint venture allows SolarAfrica to provide competitive financed solutions for its growing EPC and sales partner network.
The company provides funding solutions for residential, commercial and industrial energy users and is well positioned to benefit from the rapid growth evidenced in the South African commercial and industrial markets over the past few years. It also intends to capitalise on the growing opportunities further afield in select sub-Saharan African countries. The company aims to be the leading solar energy enabler and financing partner to installers and EPC contractors in the solar industry.
Contact Bianca Swanepoel, SolarAfrica, Tel 087 095-0553, www.solarafrica.com
Source: EE plublishers