RBH invests $20m in DPA to give solar energy

• Royal Bafokeng Holdings (RBH), an African community investment company is considering making a US$ 20 million equity financial investment in DPA Africa Asset-Co. The firm, set up by Distributed Power Africa (DPA), will certainly offer 175 MW of solar energy in some of its markets in Africa over the following four years.

Distributed Power Africa (DPA) intends to broaden its activities in Africa. The subsidiary of Econet Wireless, a major Zimbabwean telecommunications business with rate of interests on five continents, has just authorized a funding agreement with Royal Bafokeng Holdings (RBH). Under the partnership, the African neighborhood investment company will certainly take a US$ 20 million equity stake in DPA Africa Asset-Co, standing for 60 percent of the shares. This is a firm set up by DPA to offer 175 MW of solar energy in several of its markets over the next 4 years, consisting of South Africa, Kenya, the Democratic Republic of Congo (DRC) as well as Zambia.

Specifically, DPA Africa Asset-Co will give its clients in these nations with solar energy remedies based upon rental contracts for solar photovoltaic or pv panels as well as electrical energy storage systems. DPA's financial investment in the advancement of solar power projects may be necessary in these African nations, where national power grids are not yet really effective.

Other DPA projects

The new 175 MW project enhances various other DPA initiatives to boost its market share in Eastern as well as Southern Africa. The company has actually partnered with Mettle Solar to spend US$ 1.2 million in a solar project at the East Africa Data Centre (EADC) in Nairobi, Kenya. The solar photovoltaic or pv system will have an ability of 1 MWp.

Earlier, in May 2020, the Econet Wireless subsidiary chose to get in the Zambian market, thus coming to be the fifth African country in which, it installs its renewable energy manufacturing tools.