Anuva Green Energy provides critical funding for large-scale, solar projects
In a bid to curb the energy crisis in South Africa and keep up with the rising demand for solar energy, Anuva Green Energy (AGE), a division of tax-leveraged, alternative investment firm, Anuva Investments, has forged strategic partnerships with several top solar energy companies to provide capital, raised via their Green Energy fund, to finance solar projects. The group is now actively seeking additional partnerships with industry experts, and reputable EPC and solar companies to deploy surplus funds to green energy projects in existing portfolios and pipeline projects in the agricultural, commercial and industrial, and residential space.
The impact of load shedding on the country’s economy has been significant with losses estimated to be in the billions of rands. The South African Chamber of Commerce and Industry (SACCI) estimates that each stage of load shedding costs the economy between R1 billion and R5 billion per day and as such the need for alternative energy sources has become increasingly urgent, with solar power generation being a viable solution, however, demand is now far exceeding supply by a considerable margin.
“We saw the potential of collaborating with specialists in the field to help fund green energy projects to meet this growing demand, and with 53 projects currently in our portfolio valued at R325 million, we are amped about what additional funding into solar projects means for the future,” says Zane de Decker, Head of Anuva Green Energy.
“Effectively we are funding a power solution,” says de Decker. The solar companies partnered with Anuva Green Energy are industry leaders, providing innovative solutions and expertise to South Africa’s energy crisis. “Through these existing partnerships we have been able to allocate capital raised via our green energy fund to back existing solar projects and projects under construction which is beefing up supply, stimulating job creation and will ultimately go a long way to assist in reducing the country’s dependence on non-renewable sources of energy,” he adds.
De Decker believes that collaboration is key to finding innovative solutions to the country’s energy crisis and is excited to explore new partnerships in the future. “By working with more solar energy experts, we can expand our investment portfolio and help fund even more projects across South Africa,” concludes De Decker.