South African energy company Apollo Africa has announced a partnership with global energy technology company WePower, as well as the development of its Apollo Platform, subject to normal regulatory approvals.
The partnership aims to accelerate the energy transition in the Southern African renewable energy market.
Apollo is offering the platform – powered by WePower – to independent power producers (IPPs) in South African and across Africa to deliver green energy to all customers.
The platform will connect IPPs directly to consumers, large and small, through power purchase agreements, entirely executed on the user-friendly digital platform, Apollo notes.
It adds that all transactions are backed by public blockchain ledger technology, to create and store immutable records, verifiable by all parties.
South African solar- and wind-focused firm REP Developments will be the first IPP to enter into blockchain-backed energy trades through the platform.
“We are proud to partner with WePower to accelerate the energy transition in South Africa. With the generation licensing relaxations, the private sector can now step in and get involved in this huge growth sectors,” Apollo managing partner Jenna Harris says.