Wetility - eriinfo

MultiChoice-backed Wetility secures R500m funding

eriinfo.com2 weeks ago04 mins

Wetility and Jaltech anticipate this deal will enable the deployment of solar energy to hundreds of thousands more homes and businesses. MultiChoice-backed solar-as-a-service provider Wetility has successfully secured a R500 million structured capital partnership with Jaltech, a funder of solar energy projects in South Africa. Wetility says the transaction marks a milestone in the company’s…

Jaltech backs solar firm Wetility in R500-million capital raise

eriinfo.com2 weeks ago02 mins

Wetility, a subscription solar service provider focused on both the residential and commercial solar markets, has secured R500-million in structured capital funding from Jaltech. The capital provided by Jaltech will be used to fund solar and battery systems, allowing Wetility to add more than 16MW of solar capacity in South Africa in time. “This funding…