Futuregrowth agrees to R300m funding for Decentral Energy’s projects
South African energy solutions provider Decentral Energy has secured a R300-million funding commitment from specialist investment company Futuregrowth Asset Management.
The funding will enable Decentral Energy to accelerate the expansion of its integrated energy asset portfolio and to continue delivering sustainable energy to customers in the retail, tourism, agriculture, residential, and commercial and industrial (C&I) sectors across the country.
Decentral Energy currently manages more than 100 behind-the-meter energy installations consisting of various combinations of solar PV systems, battery storage and backup generators (both diesel and gas), operating either as standalone microgrids or integrated with the local electricity grid.
With this funding, Decentral Energy aims to further grow its operations, enhance energy resilience and contribute to South Africa’s transition toward decentralised and renewable energy solutions.
“This transaction marks another significant step for Decentral Energy in reshaping the energy landscape in South Africa. We look to provide tailored, fully financed energy solutions that drive cost savings, energy security and growth for our clients, and accordingly the capital has been invested into over 60 solar PV and battery storage assets.
“With Futuregrowth’s support, we can expand our reach, innovate further and strengthen our position . . . in the renewable energy sector,” Decentral Energy executive director Luel Culwick said on February 24.
The loan to Decentral Energy aligns with Futuregrowth’s commitment to financing impactful and sustainable infrastructure projects that support South Africa’s economic and energy security goals.
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