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WiSolar to Launch decentralized Solar Electricity Solution in Africa

Tech Gist Africa by Tech Gist Africa
07/25/2019
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WiSolar, a South African and Nigerian-based solar-as-a-service company is set to launch its prepaid decentralized solar products across Africa. The company is looking to roll out its solutions for mass adoption across communities in Nigeria and South Africa.

WiSolar seeks to raise $40 million in debt and equity funding to help facilitate the project slated for the third quarter of 2020. The solution will serve nine provinces in South Africa and several parts of Nigeria. These includes:

Nine Provinces in South Africa – Gauteng, Mpumalanga, North West, Eastern Cape, Western Cape, Limpopo, Free State, KwaZulu-Natal, and Northern Cape.


See also: China’s Didi Chuxing, UAEs Symphony Investment partners to Launch a JV in MENA


Nigeria – Lagos, Abuja,  Enugu, Abia, Imo, Anambra, Ogun, Oyo, Ondo and Rivers states.

Reports have it that the country will adopt diverse strategies for the areas mapped out for servicing, specifically in Northern Nigeria. This is because WiSolar envisions a Nigeria where prepaid solar is the primary source of electricity. WiSolar plans to eliminate all environmental pollution caused by energy sources.

Their proposed pricing for South Africa is ZAR 0.82 cents per KWh, as against Eskom (South Africa’s electricity utility) pricing currently ZAR 148.07 cents per kWh.

 

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Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

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