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DISTRIBUTED Power Africa (DPA), a business of Cassava Technologies, and Électricité de France (EDF), a world-leading electricity company, have entered into a partnership to develop hybrid energy solutions for businesses in South Africa.
Through a 50 percent shareholding in DPA operations in South Africa, EDF will fuel the development of distributed energy solutions, starting with a pipeline of more than 75MW, and enable DPA to provide an improved offering to its commercial and industrial customers in South Africa.
This is contained in a joint statement released by the two companies yesterday.
In addition, the 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 when the country is pushing for updated renewable energy policy, and the world is facing a sudden rise in diesel costs,” said Mr 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.”
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.
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