AIKO and VEERS GROUP Partner to Advance South Africa’s Solar Revolution

In a bold move to accelerate the country’s renewable energy transformation, AIKO, a leading solar technology company with BloombergNEF Tier 1 status, has partnered with VEERS GROUP, a Level 1 B-BBEE organization, to form a groundbreaking joint venture. This collaboration aims to revolutionize the utility-scale and distributed solar sectors in South Africa, leveraging cutting-edge technology and a strong focus on localization to drive the nation’s energy transition.

The joint venture will concentrate on advancing both utility-scale and distributed solar energy solutions across South Africa while expanding its reach throughout the African continent. By utilizing AIKO’s industry-leading N-Type ABC solar modules, recognized as the world’s most efficient, the partnership seeks to significantly accelerate South Africa’s shift towards a low-carbon future. These high-efficiency solar technologies will be made widely accessible across utility-scale, commercial, industrial, and residential sectors.

The newly formed Aiko Energy SA (Pty) Ltd will serve as the operational arm of this joint venture, emphasizing a strong commitment to local content and empowerment. With Muneeb Gambeno appointed as Managing Director and Majdi Galvaan as Chief Financial Officer, the company is set to drive significant advancements in South Africa’s solar market. AIKO is dedicated to aligning its operations with black economic empowerment and localization principles, ensuring its strategies are tailored to the unique needs of the local market. This partnership not only leverages VEERS GROUP’s deep-rooted expertise in South Africa but also prioritizes community engagement and upliftment, reinforcing AIKO’s commitment to sustainable growth in the region.

Meimei Yu, Head of MEA Sales at AIKO, expressed enthusiasm about the partnership: “We are thrilled to partner with VEERS GROUP, whose deep local expertise perfectly complements our cutting-edge technology. By merging global innovation with local knowledge, we are confident this joint venture will not only accelerate South Africa’s energy transition but also serve as a model for sustainable growth worldwide. Together, we are committed to delivering the highest-efficiency solar solutions, making a lasting impact on South Africa’s renewable energy landscape.”

Hashveer Singh, CEO of VEERS GROUP, added: “Innovation and sustainability have always been at the forefront of our organization. AIKO’s stellar reputation and aligned values make them the perfect partner for this journey. We look forward to bringing AIKO’s most efficient solar products to the South African market, providing utility projects with revolutionary efficiency upgrades. This partnership sets a new standard for performance and sustainability in the region, benefiting all stakeholders involved.”