WEG, Energy Venture Capital partner to finance hybrid energy projects in South Africa

Electric technologies and energy solutions provider WEG has partnered with strategic energy investment company Energy Venture Capital (EVC) to provide funding of between R5-million and R500-million to hybrid energy projects in South Africa. The companies have signed a memorandum of understanding to jointly evaluate hybrid energy projects on a case-by-case basis and offer funding opportunities consistent with the energy market.