Distributed Power Africa (DPA), a business of Cassava Technologies, and Électricité de France (EDF (EPA: EDF )), one of the world-leading electricity companies, entered into a partnership to develop hybrid energy solutions for businesses in South Africa.
Through a 50% shareholding in DPA operations in South Africa, EDF will fuel the development of distributed energy solutions, starting with a pipeline of more than 75 MW, and enable DPA to provide an improved offering to its Commercial & Industrial (C&I) customers in South Africa. In addition, this investment will allow DPA to generate hundreds of new construction jobs in the country, adding a much-needed boost to the local economy.
“South Africa is facing long hours of load shedding and increasing electricity costs. This partnership comes at an opportune time where the country is pushing for an updated renewable energy policy, and the world is facing a sudden rise in diesel costs,” according to Norman Moyo, CEO Africa of DPA.
“As a business of Cassava Technologies, our achievements and initiatives ensure that we enable social mobility and the economic prosperity of individuals and businesses across the continent through increased access to innovative technologies,” Moyo added.
EDF Group is already active in low-carbon power generation, transmission, distribution, and energy efficiency services in South Africa. The company intends to bring its technical expertise and its experience in comprehensive offers with financing schemes to complement DPA’s capabilities in growing a C&I pipeline in South Africa.
“We are excited about once again partnering with DPA as we extend our footprint on the African continent. Both companies have a proven history of joint energy operations in Kenya,” EDF Group Senior Executive Vice President, International Division, Beatrice Buffon said.
“This partnership represents an opportunity for EDF to deliver comprehensive and low-carbon energy solutions suitable for African C&I needs and allows us to enlarge our portfolio of activities on the continent where we already have large hydropower projects under development and are invested in a portfolio of off-grid companies. It contributes to achieving one of the main goals in our CAP 2030 strategy: to triple our operations on an international scale compared to 2015,” she said.
DPA has already commissioned projects for Commercial & Industrial companies like Makro, Builders Warehouse, Africa Data Centres, and Liquid Intelligent Technologies in South Africa. The company’s distributed energy strategy aligns with the Integrated Resource Plan (IRP) 2019, which anticipates decommissioning most coal-fired power stations by 2030.
Edited by Zintle Nkohla
Follow Zintle Nkohla on Twitter
Follow IT News Africa on Twitter
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.