Anuva Green Energy (AGE), a division of Anuva Investments, a tax-leveraged alternative investment firm, has formed strategic alliances with leading solar energy companies to address South Africa’s energy crisis and meet the growing demand for solar power.
AGE aims to provide capital through their Green Energy fund to finance solar projects in collaboration with industry experts, EPC (Engineering, Procurement, and Construction) firms, and reputable solar companies.
The country’s economy has suffered significant losses due to load shedding, estimated to cost between R1 billion and R5 billion per day.
With solar power generation emerging as a viable solution, the need for alternative energy sources has become urgent. AGE’s existing portfolio comprises 53 projects worth R325 million, and additional funding for solar projects is expected to bolster energy supply, stimulate job creation, and reduce reliance on non-renewable sources.
Zane de Decker, Head of Anuva Green Energy, emphasizes the importance of collaboration and looks forward to expanding partnerships to further support South Africa’s renewable energy goals.
