POWER, UTILITIES AND INFRASTRUCTURE Supplier development partnership Absa | Corporate and Investment Banking > Insights and Events > Renewable Energy Solutions SHARE An innovative new Supplier Development partnership between Solana Energy and Absa Corporate and Investment Banking (CIB) has ensured the democratisation of access to solar energy that will allow high-impact social initiatives to continue their critical work. Through Absa CIB’s Citizenship programme, Solana Energy has been appointed to install solar energy to identified beneficiaries over a period of 3 years with the first installation delivered at the Ma Mohau NPO orphanage, located in Ekhuruleni in the east of Gauteng. Activities at the orphanage have been significantly curtailed as the site had been impacted with 4 to 6 hours of loadshedding daily. Not only were electrical appliances affected but the water pump for the site was not able to supply clean water during interruptions. When Solana Energy arrived for the solar panel installation they found that the roof was not stable enough to hold the weight of the panels. They first had to structurally repair walls and the roof before they could proceed with the installation. Through interventions from Solana Energy, a solar system was installed, the roof of the facility was structurally enhanced and the water pump now has consistent power supply. https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles POWER, UTILITIES & INFRASTRUCTURE INSIGHTS A reform of the Logistics sector is critical for SA economy As we review the national budget for 2024, one of the key pieces of the economic growth puzzle is the logistics sector in our country. Read more POWER, UTILITIES & INFRASTRUCTURE INSIGHTS Africa’s race to the sun (and other alternatives): Who is winning? One of the most emotive subjects in Africa currently is the energy transition from fossil fuels to cleaner energy, with the mining and resources sectors at the sharp end of the debate. Read more POWER, UTILITIES & INFRASTRUCTURE INSIGHTS The Role of financial institutions in increasing the pace and scale of Africa’s Renewable Energy Transition The urgent need to combat climate change has thrust renewable energy into the global spotlight. As governments, businesses, and individuals grapple with the challenges of reducing carbon emissions, the role of financial institutions in supporting and propelling the renewable energy transition is becoming increasingly prominent. Read more
