Sustainable Power Solutions

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Solar plants have been installed by SPS in South Africa, Namibia, Kenya and Indian Ocean islands.

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Gigawatt hours of electricity have been generated by SPS sites since 2016.

ABOUT SPS

SPS is a distributed renewable energy company that provides solar energy and battery storage solutions to business customers across sub-Saharan Africa.

SPS works with companies to fund, develop and operate solar power technologies, including battery storage, that provide consistent, affordable clean energy. SPS focuses on the design, installation, financing and maintenance of grid connected, hybrid (solar/genset) and off-grid (battery storage) solar energy solutions.

WHy we’re investing

A lack of reliable grid power has led to more than half of businesses in sub-Saharan Africa using diesel generation to ensure certainty of supply. Solar power and battery storage solutions are increasingly providing a viable, cheaper alternative for many businesses that see the value in using greener, more consistent power. SPS is a leader in the sector and well-positioned to accelerate the use of solar energy
 
Formerly known as Mettle Solar, SPS has received around US$37 million of equity funding investment from Gridworks following our first investment in December 2019. Since then, the company has built over 22MW of grid-tied projects in Southern Africa and Kenya and 4.2MW / 8.7MWh of islanded projects in the Seychelles, including some of Africa’s largest off-grid systems using Tesla’s Powerpack.
 
In 2021, Gridworks brought in New GX Capital, the South African investment firm, as an investment partner for SPS. The long-term funding provided by Gridworks and New GX will enable the company to deepen its presence in existing markets and expand across sub-Saharan Africa. The company is targeting building an additional 100MW of projects.

Mark richards​

CFO

“Gridworks exists to increase the quantity and quality of power in Africa and our mandate covers transmission and distribution infrastructure, as well as off-grid solutions like SPS. SPS, and the commercial & industrial sector as a whole, can provide green, reliable power to businesses that will go on to create jobs and economic opportunity. Since first investing in 2019, we’ve helped SPS become one of only a handful of African developers operating sustainably to finance, build, and operate grid-tied and battery-backed, off-grid systems.”

OUR PORTFOLIO

Gridworks makes equity investments in transmission, distribution and distributed energy utilities in Africa.

Amari Power Transmission

Anzana Electric Group

Moyi Power

Gamani Power Transmission Project

PHONE
+44 (0) 20 7550 7010
ENQUIRIES
info@gridworkspartners.com