Clean energy developer ET Energy has established a South African subsidiary ET Solutions South Africa, to provide engineering, procurement and construction (EPC), and operations and maintenance services for large-scale solar power plants.
“ET Energy's new subsidiary in South Africa demonstrates our confidence in the vast
opportunities in this region. Africa has abundant sunshine, yet an estimated 600-million people lack proper access to electricity,” CEO Dennis She said.
He noted that, now that photovoltaic prices were competitive with fossil fuel prices, even without subsidies, Africa could become power-independent using its own resources.
ET Energy had secured a 130 MW package of projects under the fourth round
of South Africa’s Renewable Energy Independent Power Producer Procurement Programme by a South African based investor and construction was expected to start at the end of the third quarter of this year.
She added that the company had set targets to complete an additional 300 MW of EPC services in South Africa and other sub-Saharan Africa markets within the next
two years.