Advertisment
Subscribe

0

user
  • Bookmarks
  • My Profile
  • Log Out
  • Home
  • News
    • All News
    • Research
    • In Talks
    • Magazine Exclusive
    • Opinion
    • Solar
    • Wind
    • EV & Storage
    • Latest Tenders
  • Events
    • Solar Trailblazers Events
  • Energy Jobs
  • Subscribe
    • Subscribe to Print Magazine
      • Print Subscribe Issue
    • Subscribe to Digital Magazine
      • E-Mag
    • Daily Newsletter
  • SolarFAQs
  • Lithium + Rooftop
    • Lithium Batteries
    • Residential
    • Commercial
  • Sign in with Email

By clicking the button, I accept the Terms of Use of the service and its Privacy Policy, as well as consent to the processing of personal data.

Don’t have an account? Signup

ad_close_btn
  • News
  • EV+Storage
  • Research
  • Magazine Exclusive
  • Blog
  • Policy
  • Solar Products

Powered by :

Advertisment
News

Evolution II Fund Closes ZAR100 Mn Investment Targeting C&I Solar Rooftop Market in Africa

Inspired Evolution has closed a ZAR100 ($7.47) million investment facility by its Evolution II Fund into Commercial Energy SA – an affiliate of SolarAfrica.

author-image
Ayush Verma
05 Feb 2019 16:56 IST
Updated On 05 Feb 2019 16:57 IST
Follow Us
SECI Schedules Meeting With Prospective Bidders for 1200 MW RE Tender

The investment will be used to finance rooftop solar projects for commercial and industrial consumers.

Advertisment

ZAR100 Million Investment by Evolution II Fund

Inspired Evolution, an Africa-focused investment advisory firm that specialises in the clean energy sector, has closed a ZAR100 ($7.47) million investment facility by its Evolution II Fund into Commercial Energy SA – an affiliate of SolarAfrica.

Advertisment

Commercial Energy SA offers a new innovative financing platform that provides funding solutions for long-term private commercial and industrial (C&I) solar PV customers, via SolarAfrica’s growing network of EPC contractor partners.

The platform is positioned to benefit from the rapid growth evidenced in the South African C&I market over the past few years and be a first-mover to capitalise on the growing opportunities further afield in select Sub-Saharan African countries.

Christopher Clarke, Managing Partner at Inspired Evolution said, ”We have been evaluating the C&I market over the last three to four years and concluded on the merits of establishing an affordable, credit-worthy financing platform as the optimal point of entry for our Evolution II Fund. This way, we offer an independent financing portal that crowds-in system integrators and EPC contractors that can secure long-term finance for their projects to benefit underlying private business customers”.

The company is targeting an initial ZAR350 – 500 million of financing to convert its pipeline of eligible projects that require long-term financing solutions. This includes leveraging commercial debt financing from preferred banking partners that have approved its credit-platform to scale up its portfolio and achieve accelerated project conversion.

Steven Faure, Senior Investment Principal at Inspired Evolution who led the deal added, “This new financing platform will provide better equipment, contractual and performance standardization via an innovative digital credit and design technology portal (UniFii) that removes previous market barriers and unlocks clean energy rooftop solutions for building owners and SMME businesses, providing them with clear visibility of electricity savings with increased energy independence”.

Solar Energy Solar Projects Finance International ZAR100 Million Investment by Evolution II Fund Evolution II Fund
Subscribe to our Newsletter! Be the first to get exclusive offers and the latest news
logo

Related Articles
Advertisment
Read the Next Article
Advertisment
Latest Stories
Subscribe to our Newsletter! Be the first to get exclusive offers and the latest news

Advertisment

We are India's leading B2B media house, reporting full-time on solar energy, wind, battery storage, solar inverters, and electric vehicle (EV) chargin


Subscribe to our Newsletter!



Quick Links

  • Home
  • About Us
  • Media Kit
  • Privacy Policy
  • Terms Of Service
  • Contact Us

© 2025 Saur Energy. All Rights Reserved.

Powered by
Ad