Financial savings displacing loadshedding as main driver of residential solar market

The South African market drivers for residential, commercial and industrial solar PV and battery installations have started shifting towards cost savings from security of supply as loadshedding wanes, GoSolar CEO Andrew Middleton asserts. Although installations in 2024 are likely to be well below the 2.6 GW installed during the height of the country’s loadshedding crisis last year, the subscription home solar and battery company still expects about 1 GW of small-scale PV to be installed this year.
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French green energy finance group has invested in South African solar energy company

France-based global sustainable investment and asset management group Mirova has announced that it is making its first investment in South Africa, a $15-million long-term debt financing arrangement with South African renewable energy development company and independent power producer SolarAfrica Energy. “We are very excited to enter the South African market and to support SolarAfrica, a major and well-respected player, in its ongoing development,” affirmed Mirova Investments deputy head Rim Azirar. “This investment is perfectly in line with our investment strategy dedicated to energy transition in emerging markets, using blended finance to help increase access to reliable and affordable energy in Africa.”
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Rebranded WEG committed to supporting customers meet their sustainability goals

Electrical equipment manufacturer WEG has worked for a year to internally evolve its brand, rebranding from Zest WEG to WEG, and with this comes an increased focus on sustainability. WEG has established its presence in Africa over four decades under the Brazil-headquartered Zest WEG brand.
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