Vantage Capital leads R635m investment into SolarAfrica Energy

The investment comprises a mezzanine facility which was used to exit Inspired Evolution from CESA, making SolarAfrica the 100% owner of CESA.

Founded in 2011 and headquartered in Pretoria, South Africa, SolarAfrica provides solar-PV, battery storage, energy trading, electricity wheeling and gas-to-power services tailored for C&I clients, helping businesses lower electricity costs, secure reliable power and reduce carbon emissions. SolarAfrica has a strong track record, having delivered ~343MW of funded solar projects in Southern Africa (with a further 1.14GW plus being rolled out). SolarAfrica has been twice recognised as the African Solar Company of the Year (2021 and 2023) by the Africa Solar Industry Association (AFSIA).

CESA acts as a holding company for C&I rooftop solar and battery storage solutions assets that have been developed by SolarAfrica. CESA currently holds a portfolio of assets with energy capacity of ~90MW across 134 different sites. All assets within CESA are managed by SolarAfrica.

Roshal Ramdenee, Partner at Vantage Capital, said “This transaction reflects our conviction in distributed energy infrastructure and the strength of SolarAfrica’s platform. CESA’s contracted C&I solar and battery portfolio provides predictable cash flows and supports South Africa’s shift to reliable and sustainable power. We look forward to working closely with SolarAfrica and Greenpoint as the platform continues to scale.”