WiSolar set to roll out its prepaid decentralised solar electricity solution across Africa

WiSolar will launch its Solar-as-a-Service for variable load in SA and Nigeria, targeting vulnerable populations so they can become part of healthy, sustainable communities.

Johannesburg, 01 Aug 2019
Read time 2min 30sec

WiSolar has reiterated its goal of working to protect the environment and strengthen country communities through solar energy projects, with its recent announcement that the company will be rolling out its prepaid decentralised solar electricity (Solar-as-a-Service) for variable load project. The company plans to use its existing capabilities and channel partners for scale and coverage, and recently completed prototyping and proof of concept.

There is an increasing cry for the mass adoption of clean energy solutions such as solar, as countries across the globe begin to realise the need for current and future generations to have equal access to essential social services while living on a thriving and sustainable planet. The case is particularly disturbing for communities currently suffering from inadequate power supply as they become victim to the pollution caused by “unclean” energy sources such as power-generating sets. This is where innovative solution providers like WiSolar are looking to make a difference by providing solar power to vulnerable populations, ultimately creating healthier and sustainable communities.

The Solar-as-a-Service solution to be launched by the company will serve nine provinces in SA as well as different parts of the largest African nation in the world, Nigeria. The regions to be serviced in SA and Nigeria are highlighted as follows:

South Africa's nine provinces: Gauteng, Mpumalanga, North West, Eastern Cape, Western Cape, Limpopo, Free State, KwaZulu-Natal and Northern Cape.

Nigeria: Lagos, Abuja and southern Nigeria states, primarily southeastern Nigeria (Enugu, Abia, Imo, Anambra) and southwestern Nigeria (Lagos, Ogun, Oyo and Ondo), as well as Rivers state.

The company is reported to adopt different strategies in the areas to be serviced, particularly in the north of Nigeria. The Nigerian vision is for prepaid solar to be the primary source of electricity, with grid electricity as a backup. Consequently, WiSolar is looking to totally eliminate environment-polluting generators with associated high running costs in maintenance across Nigeria via Solar-as-a-Service.

In the same vein, WiSolar is seeking to raise $40 million series A financing in debt and equity for the accelerated roll-out of prepaid solar electricity in SA and Nigeria.

The project is planned to be launched in the third quarter of 2020, with attractive pricing. The proposed pricing for SA is ZAR 0.82 cents per kilowatt (KWh), which is less than grid parity with Eskom (SA's electricity utility) pricing, which is currently ZAR 148.07 cents per kWh.

More information about WiSolar and the clean energy solutions offered to commercial and residential clients can be found on the company's website. WiSolar can also be found across social media, including Facebook, Twitter and LinkedIn.

Editorial contacts
Operations Manager Memory N Mathosi
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