Global solar energy company Neosun Energy has recently ventured into the South African market. This move aims to provide commercial solar panels and energy storage solutions with capabilities ranging from 200 kW to 10 MW for commercial and industrial projects in South Africa and abroad.
Targeting primarily small- and medium-sized enterprises, the focus of Neosun’s expansion into South Africa will focus on manufacturing, warehousing, shopping malls, commercial offices, mining and industrial facilities and pharmaceuticals.
“Thousands of enterprises in Africa are unable to fulfil business operations and are bearing financial losses due to the limited access to the grid,” stated Neosun CEO, Ilya Likhov, adding, “Such solutions as solar PV (photovoltaic) stations and energy storages are the means to resolve these issues.”
The entry comes at a critical time as businesses face heightened energy access issues due to loadshedding and driven by soaring electricity and fossil fuel costs, along with the persistent challenge of numerous off-grid areas in Africa lacking energy access.
The South African market, hit hard by electricity shortages leading to business losses exceeding $13 billion in 2022, presents a significant opportunity for Neosun to bolster business operations and deliver sustainable energy opportunities to the country’s business sector.
Neosun carries out solar projects worldwide, focusing on remote African regions where such initiatives provide electricity to enterprises and settlements.
