search
Solar Energy International
close
  • HOME
  • News
  • Magazine Exclusive
  • EV
  • Opinion
  • In Talks
  • Policy
  • Research
  • Energy Jobs
  • E-Mag
  • Daily Newsletter
  • Solar Products
  • Rooftop
  • Lithium Batteries
  • Subscriptions
Middle East Edition | South East Asia Edition
Solar Energy International
Solar Energy International
  • Home
  • News
    • All News
    • In Talks
    • Magazine Exclusive
    • Opinion
    • MNRE News
    • SECI News
  • Research
  • EV
  • Policy
  • Events
  • Energy Jobs
  • Subscribe
    • Daily Newsletter
    • E-Mag
  • Lithium + Rooftop
    • Lithium Batteries
    • Residential
    • Commercial
  • facebook
  • linkedin
  • Twitter
  • Twitter
search

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

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

By Ayush Verma/ Updated On Tue, Feb 5th, 2019
  • facebook
  • Twitter
  • LinkedIn

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

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.

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”.

Tags: Evolution II Fund, Finance, International, Solar Energy, Solar Projects, ZAR100 Million Investment by Evolution II Fund
"Want to be featured here or have news to share? Write to info[at]saurenergy.com

Ayush Verma

Ayush is a staff writer at saurenergy.com and writes on renewable energy with a special focus on solar and wind. Prior to this, as an engineering graduate trying to find his niche in the energy journalism segment, he worked as a correspondent for iamrenew.com.

  Recent NEWS  

View All
  • Minigrid Pioneer Husk Power Turns Profitable After 14 Years
    Minigrid Pioneer Husk Power Turns Profitable After 14 Years
    Husk Power Systems, which pioneered the first renewable energy minigrid in India in 2008 and…
  • Rajasthan Water Resources Dept Issues Tender For Solar Based Micro Irrigation
    Rajasthan Water Resources Dept Issues Tender For Solar Based Micro Irrigation
    The Water Resources Department in Rajasthan has issued a tender for planning, designing and construction…
  • JVVNL Issues Tender For 31 MW Solar Projects Under PM-KUSUM
    JVVNL Issues Tender For 31 MW Solar Projects Under PM-KUSUM
    The Jodhpur Vidyut Vitran Nigam (JVVNL) has called for bids to develop 31.02 MW grid-connected…

  Recent IN Talks  

View All
  • Lubi EV Solutions Wants To Step Foot Into Battery Swapping Station Business
    Lubi EV Solutions Wants To Step Foot Into Battery Swapping Station Business
     Intersolar 2022, held at Gandhinagar, Ahmedabad, saw participation from a large number of leaders…
  • Grew energy Eyes 4 GW of Module Manufacturing, 3 GW of Cell Manufacturing
    Grew energy Eyes 4 GW of Module Manufacturing, 3 GW of Cell Manufacturing
     Intersolar 2022, held at Gandhinagar, Ahmedabad, saw participation from a large number of leaders…
  • “GoodWe’s long-standing perseverance in the pursuit of quality has paid back well in India”, Says James Hou, GoodWe
    “GoodWe’s long-standing perseverance in the pursuit of quality has paid back well in India”, Says James Hou, GoodWe
    Goodwe India has been making rapid progress in the Indian market, hitting the 1.5 GW…

Blogs

The Top 5: Challenges to EV Growth in 2023
The Top 5: Challenges to EV Growth in 2023
The Top 5: Steps To Ensure High Performance From Your EV Battery 
The Top 5: Steps To Ensure High Performance From Your EV...
BMW & Solid Power Partnership For Solid-State Battery Technology
BMW & Solid Power Partnership For Solid-State Batter...
Revolutionizing Solar Energy Integration: The MARS Project and Electric Grids
Revolutionizing Solar Energy Integration: The MARS Projec...
Fire Mishaps: How To Prevent Your Electric Vehicle From Catching Fire?
Fire Mishaps: How To Prevent Your Electric Vehicle From C...

Policy

Power Grid Corp of India to Invest Rs 330 Cr in Transmission Project
Power Grid Corp of India to Invest Rs 330 Cr in Transmiss...
CERC Rejects Windpower Windfarm’s Grounds for Failure to Commission Project
CERC Rejects Windpower Windfarm’s Grounds for Failu...
Vivid Solaire’s Plea to Align LTA with Revised SCOD of Project Shot Down by CERC
Vivid Solaire’s Plea to Align LTA with Revised SCOD...
Madhya Pradesh Eyes 50000 Cr Investment for RE Segment by 2027
Madhya Pradesh Eyes 50000 Cr Investment for RE Segment by...
Inflation Reduction Act (IRA) 2022: A Bill To Make US ‘The Clean Energy Leader’
Inflation Reduction Act (IRA) 2022: A Bill To Make US ...

Article

2023’s Promise for Solar. Will India Rise To The Challenge?
2023’s Promise for Solar. Will India Rise To The Challe...
India’s EV Charging Roll Out, ‘Patla Pin’ Magic, And More Challenges
India’s EV Charging Roll Out, ‘Patla Pin’ Magic, An...
As Solar Spreads Out, Marketing Makes an Entrance
As Solar Spreads Out, Marketing Makes an Entrance
Solar Is Changing Fast, Here Are 5 Ways It Already Has
Solar Is Changing Fast, Here Are 5 Ways It Already Has
Are Solid-State Batteries The Next Milestone In The EV Industry?
Are Solid-State Batteries The Next Milestone In The EV In...

News

Minigrid Pioneer Husk Power Turns Profitable After 14 Years
Minigrid Pioneer Husk Power Turns Profitable After 14 Years
Rajasthan Water Resources Dept Issues Tender For Solar Based Micro Irrigation
Rajasthan Water Resources Dept Issues Tender For Solar Ba...
JVVNL Issues Tender For 31 MW Solar Projects Under PM-KUSUM
JVVNL Issues Tender For 31 MW Solar Projects Under PM-KUSUM
Gujarat Tableau At R Day Parade To Underline Its Leadership In Clean Energy
Gujarat Tableau At R Day Parade To Underline Its Leadersh...
Islamic Development Bank To Offer Insurance/Finance For RE Projects
Islamic Development Bank To Offer Insurance/Finance For R...

  Interview 

  • Lubi EV Solutions Wants To Step Foot Into Battery ...
  • Grew energy Eyes 4 GW of Module Manufacturing, 3 ...
  • “GoodWe’s long-standing perseverance in the ...
  • ECE India Aims for 26 MW of Module Sales in ...
  • Incentives For Emerging Technologies like ...
  • Indian Manufacturers Must Step up For ...
  • Floatex Targets 75% Market Share in Floating ...
  • Reliance to be a 100 GW Solar Firm By 2030
  • Patanjali will Enter the Renewable Energy Market ...
  • At Purshotam Profiles, Client Success Trumps ...
  • At Jinko Solar, the Shift to N Type Modules is ...
  • Our Order Book Is Likely To Exceed 4 GW by March ...

  Solar Products 

  • Solar Trackers Surge; Poised To Reach 37,196.86 ...
  • Elves: Shinola Camping Accessory Set
  • Seeon 180° backpack
  • Saildrone
  • HomePower 2: Backup Battery Power Station
  • CAKE Kalk AP (Anti-Poaching)
  • EcoFlow DELTA Pro portable power station among ...
  • Solar Watch V3: High Grade Light-Charged ...
  • Reliable Solar Generator Designed for the Modern ...
  • Sun King Table Solar Fan Set (20 W)
  • Sun King Home 60 Solar 3 Ceiling Mounted Fixed ...
  • DARK FIGHT Vicco Solar Home Light Set 6 Volt
  • Advertise with us

    We are the no.1 B2B solar media in India. With SaurEnergy, you have a full menu of options to pick from to reach the largest audience for your products and services.

    To get in touch, contact us at info[at]saurenergy.com

    Or Call at 9891147599 / 8802315631

  • SaurEnergy Newsletter

    Never miss the most relevant stories in the solar and renewable sector everyday.

      

  • Follow US

    @SaurEnergy

    We've got you covered, if you are social! Follow @SaurEnergy for the latest news and happenings across these social media

    • Twitter
    • facebook
    • linkedin
© 2023 Saur Energy. All Rights Reserved.
  • Home
  • About Us
  • Media Kit
  • Privacy Policy
  • Terms of Service
  • Contact Us
      SUBSCRIBE NEWS LETTER

Subscribe to our newsletter to get the latest scoop right into your inbox.

SUBSCRIBE NEWS LETTER

Scroll