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Amazon's new 10-megawatt solar plant in South Africa up and running

Amazon's new 10-megawatt solar plant in South Africa up and running
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New fund seeks to boost investment and diversity of South Africa energy


Article by Adam Duckett
A R1.5bn (US$102m) investment fund has been launched in South Africa to boost investment in the country’s energy sector and encourage more black participants, especially women, in the sector.
The Mahlako Financial Services fund is a subsidiary of Mahlako a Phahla Investments, a women-led company focused on energy and infrastructure. It plans to invest in existing and new renewable energy assets and the companies that service them; SMEs involved in rooftop solar, energy storage and energy efficiency; and storage facilities in the midstream oil and gas sector.
“This fund is the first of its kind – a 100% black women-owned energy fund with a mandate that expands beyond renewable energy, to include gas and energy services sectors, as we endeavour to tackle, disrupt and transform South Africa’s energy sector,” said fund co-founder Makole Mupita.   ....

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