Aiko Energy SA (Pty) Ltd, Veers Renewable Energy Consortium (Pty) Ltd and Afreenergy Solar have announced the signing of a pivotal Memorandum of Understanding (MOU) at the Solar and Storage Live event in Cape Town. This strategic collaboration focuses on joint development of clean energy projects across Africa between Afreenergy Solar and Veers Renewable Energy Consortium and the deployment of Aiko’s advanced N-Type ABC solar modules, marking a significant step forward in renewable energy innovation. This MOU underscores a shared commitment to enhancing the efficiency and accessibility of solar energy solutions, thereby contributing to the ongoing energy transition in South Africa and Southern Africa.
Christian Cachat, CEO of Afreenergy Solar, commented:
“This agreement with Veers Group and Aiko SA is a key step to reinforce Afreenergy Solar actual development portfolio and presence in South Africa and Southern Africa, and most of all ensure its efficient deployment. Thanks to Veers Group footprint and demonstrated capacity including its strategic alliance with Aiko, this alliance is a key step to consolidate our implantation which have been materialized with the hiring of Johan as Senior Business Development Manager based in Cape Town. South Africa is a leading country where solar and storage are leading the energy transition in offering economical and technical solutions to high energy demand. It’s a trend that we want to support by offering specific solutions and services to targeted segments such as municipalities through partnerships with local partners, to give as many people as possible access to clean, reliable and affordable energy”
Muneeb Gambeno, Managing Director of Aiko Energy SA (Pty) Ltd added:
“We are thrilled to embark on this partnership with Afreenergy Solar. This MOU aligns perfectly with our mission of ‘Empowering transformation towards a carbon-free era.’ Afreenergy’s extensive experience and strategic presence in Africa will complement our technological innovations and help accelerate the adoption of high-efficiency solar technologies. Together, we are committed to advancing the renewable energy landscape and supporting South Africa’s transition to a sustainable, low-carbon future.”
About Aiko Energy SA
Aiko Energy SA is a joint venture between Aiko Energy and Veers Group, boasting over 120GW of solar cell output. Aiko Energy is renowned for its research, development, and manufacturing of solar generation products and integrated PV-Storage-Charging solutions. The company’s mission, “Empowering transformation towards a carbon-free era,” drives its commitment to extreme innovation and cutting-edge technology. Aiko Energyis dedicated to accelerating South Africa’s transition to a low-carbon future by making high-efficiency solar technology accessible across various sectors.
About Afreenergy Solar
Afreenergy Solar, a subsidiary of Independent Power Producer (IPP) Afreenergy, is an integrated Independent Power Producer (IPP) focusing on solar and BESS technology with a long-term vision and commitment that translates into solutions to bridge the funding gap for clean energy access in Africa. To date, the group owns a portfolio of 320+ MW of solar, storage, and hydro assets at several stages of development in 12 African countries, either developed or owned with high-quality partners.
Founded in 2019, the group was born as an IPP with a long-term vision and commitment to bridge the financing gap for clean energy access in Africa. Based in Mauritius, Afreenergy Solar relies on a team of 10 professionals strategically distributed between an engineering department in Madagascar and other management and technical offices located in Dakar, Cape Town, Douala, Nairobi and Madrid.
Afreenergy has strong growth ambitions and has already received the support of climate and impact-driven global investor TimeToAct Capital, along with a pool of European family offices.
More information: www.afreenergy.com
