Solarise Africa, a leading Energy-as-a-Service provider across Africa, has announced a strategic funding partnership with Mergence Investment Managers, securing an R160 million investment. This funding will accelerate the deployment of Commercial & Industrial (C&I) scale renewable energy solutions throughout South Africa, significantly advancing the region’s renewable energy adoption.
This partnership marks a significant milestone for Solarise Africa in its mission to foster sustainable energy development in the region. The introduction of a local debt and mezzanine facility will enable the company to expand its industry profile and enhance its impact on renewable energy uptake.
The funding will primarily be used to finance the installation and expansion of solar energy systems for commercial and industrial clients, helping to reduce energy costs and carbon footprints while promoting sustainable practices across South Africa.
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