* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Wednesday, October 1, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Penn State-Themed Restaurant and Entertainment Spot Happy Valley Live Set to Open in State College – StateCollege.com

    Penn State-Themed Restaurant and Entertainment Spot Happy Valley Live Set to Open in State College – StateCollege.com

    The Police Made Chart History With This 1979 Hit Nearly 50 Years Ago – Yahoo

    How The Police Changed Music Forever with Their Iconic 1979 Hit Nearly 50 Years Ago

    Good Deed Entertainment Acquires Worldwide Rights To Liza Mandelup’s Documentary ‘Caterpillar’ – Deadline

    Good Deed Entertainment Lands Global Rights to Liza Mandelup’s Captivating Documentary ‘Caterpillar

    Danielle Fishel Explains Why Being on “DWTS” Makes Her Feel ‘Like It’s 1994 Again’ Filming “Boy Meets World” (Exclusive) – Yahoo

    Danielle Fishel Explains Why Being on “DWTS” Makes Her Feel ‘Like It’s 1994 Again’ Filming “Boy Meets World” (Exclusive) – Yahoo

    Jussie Smollett Claims He Was ‘Disrespected’ on the ‘Special Forces’ Season Premiere – Yahoo

    Jussie Smollett Opens Up About Feeling ‘Disrespected’ During the ‘Special Forces’ Season Premiere

    TicketSmarter Fall Entertainment Guide – Eastern Illinois University Athletics

    TicketSmarter Fall Entertainment Guide – Eastern Illinois University Athletics

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    STELLA Automotive AI Appoints Fred Seidelman as Chief Technology Officer – Yahoo Finance

    STELLA Automotive AI Appoints Fred Seidelman as New Chief Technology Officer

    Saving Energy and Money with Smart Technology – Terms of Service with Clare Duffy – Podcast on CNN Podcasts – CNN

    Saving Energy and Money with Smart Technology – Terms of Service with Clare Duffy – Podcast on CNN Podcasts – CNN

    Four Strategic Signals Technology Leaders Are Tuning In To – SPONSOR CONTENT FROM ARM – Harvard Business Review

    Four Essential Strategic Signals Every Technology Leader Should Watch

    Virginia Tech hosts annual New Music + Technology Festival this week – Cardinal News

    Virginia Tech Kicks Off Exciting Annual New Music and Technology Festival This Week

    Why I gave the world wide web away for free | Tim Berners-Lee – The Guardian

    Why I Decided to Make the World Wide Web Free for Everyone | Tim Berners-Lee

    From shale to steam: Fossil fuel technology boosts clean geothermal energy – Washington Examiner

    From Shale to Steam: How Fossil Fuel Technology is Powering a Clean Geothermal Energy Revolution

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Penn State-Themed Restaurant and Entertainment Spot Happy Valley Live Set to Open in State College – StateCollege.com

    Penn State-Themed Restaurant and Entertainment Spot Happy Valley Live Set to Open in State College – StateCollege.com

    The Police Made Chart History With This 1979 Hit Nearly 50 Years Ago – Yahoo

    How The Police Changed Music Forever with Their Iconic 1979 Hit Nearly 50 Years Ago

    Good Deed Entertainment Acquires Worldwide Rights To Liza Mandelup’s Documentary ‘Caterpillar’ – Deadline

    Good Deed Entertainment Lands Global Rights to Liza Mandelup’s Captivating Documentary ‘Caterpillar

    Danielle Fishel Explains Why Being on “DWTS” Makes Her Feel ‘Like It’s 1994 Again’ Filming “Boy Meets World” (Exclusive) – Yahoo

    Danielle Fishel Explains Why Being on “DWTS” Makes Her Feel ‘Like It’s 1994 Again’ Filming “Boy Meets World” (Exclusive) – Yahoo

    Jussie Smollett Claims He Was ‘Disrespected’ on the ‘Special Forces’ Season Premiere – Yahoo

    Jussie Smollett Opens Up About Feeling ‘Disrespected’ During the ‘Special Forces’ Season Premiere

    TicketSmarter Fall Entertainment Guide – Eastern Illinois University Athletics

    TicketSmarter Fall Entertainment Guide – Eastern Illinois University Athletics

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    STELLA Automotive AI Appoints Fred Seidelman as Chief Technology Officer – Yahoo Finance

    STELLA Automotive AI Appoints Fred Seidelman as New Chief Technology Officer

    Saving Energy and Money with Smart Technology – Terms of Service with Clare Duffy – Podcast on CNN Podcasts – CNN

    Saving Energy and Money with Smart Technology – Terms of Service with Clare Duffy – Podcast on CNN Podcasts – CNN

    Four Strategic Signals Technology Leaders Are Tuning In To – SPONSOR CONTENT FROM ARM – Harvard Business Review

    Four Essential Strategic Signals Every Technology Leader Should Watch

    Virginia Tech hosts annual New Music + Technology Festival this week – Cardinal News

    Virginia Tech Kicks Off Exciting Annual New Music and Technology Festival This Week

    Why I gave the world wide web away for free | Tim Berners-Lee – The Guardian

    Why I Decided to Make the World Wide Web Free for Everyone | Tim Berners-Lee

    From shale to steam: Fossil fuel technology boosts clean geothermal energy – Washington Examiner

    From Shale to Steam: How Fossil Fuel Technology is Powering a Clean Geothermal Energy Revolution

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Altvest Credit Opportunities Fund fuels South Africa’s solar revolution with Solana Energy partnership

February 13, 2024
in Business
Altvest Credit Opportunities Fund fuels South Africa’s solar revolution with Solana Energy partnership
Share on FacebookShare on Twitter

*This content is brought to you by Altvest

South Africa’s energy crisis isn’t just an inconvenience; it’s a stranglehold. In 2022, darkness reigned with 3,776 hours of loadshedding, and 2023 isn’t far behind, already exceeding 2,343 outages by April [RESBANK, 2023]. The human cost is staggering: 64% of small township businesses shut down during these blackouts, forcing 66% to shed jobs (Nedbank & TEA Report). But amidst this struggle, a glimmer of hope shines: Solana Energy.

Founded through a Supplier Development partnership with international resources group South32, Solana Energy is one of the fastest growing solar energy businesses in the country at the moment. 

Solana isn’t just a solar panel salesman; they’re a lifeline. According to the Nedbank and TEA survey, Businesses crave solar solutions, but navigating the complexities and affordability can be daunting. That’s where Solana steps in, offering expert guidance, tailored solutions, and flexible financing, removing hurdles for all. 

This hope is now fueled by a landmark partnership with Altvest Credit Opportunities Fund. This strategic funding empowers Solana to reach more businesses and citizens, especially in those communities hit hardest by loadshedding. The timing couldn’t be better – loadshedding’s impact on GDP reached 2.1%, with rural areas and industries like agriculture suffering the most[2022]. But rooftop solar, where Solana thrives, has offered a crucial buffer, and this partnership promises to accelerate that progress.

Imagine homes lit during blackouts, businesses thriving off-grid, and communities empowered by clean, locally generated energy. 

DEAL ANNOUNCEMENT:

ACOF’S ROLE:

ACOF is not just a direct lender; it’s a strategic funding partner.  ACOF goes beyond conventional lending, offering below-market lending rates and discounts to SMEs with demonstrable social impact credentials, with further discounts to SME’s that demonstrate strong women empowerment credentials. ACOF was launched in 2023, armed with capital from both large institutions and ordinary South African investors, and has been in the pursuit of deploying this capital to SME’s who desperately need it . Through ACOF’s lending facilities, SME’s are empowered to create direct jobs and communities receive much needed investment. 

SOLANA ENERGY’S GAIN:

This deal is more than just a loan; it’s a catalyst for positive change. The influx of capital from ACOF will supercharge Solana’s expansion, allowing them to:

Illuminate more homes and businesses: By increasing installation capacity and venturing into new regions, Solana can bring the life-changing benefits of solar power to more South Africans, easing the grip of loadshedding and fostering energy independence.

Spark a jobs revolution: As their footprint expands, Solana will need a larger workforce of skilled technicians, electricians, and support staff. This translates to empowering individuals with meaningful employment and boosting the local economy. To date, Solana Energy has trained over 100 young South Africans through its world-class training facility in Richard’s Bay and created 109 jobs in the solar sector. 

Empower underserved communities: Solana’s social conscience prioritizes bringing solar solutions to those most affected by unreliable grid electricity. ACOF’s support will accelerate their reach, alleviating energy woes and improving the quality of life in these communities.

Ignite innovative projects: Beyond traditional installations, Solana harbors a pipeline of ambitious projects. Beyond traditional rooftop installations, Solana plans to leverage the funding for further innovative Commercial, Industrial and social impact projects that align with their mission of sustainable community empowerment. ACOF’s fuel will allow them to bring these innovations to life, further solidifying their position as a future leader in South Africa’s renewable energy space.

Greener future for all: By harnessing the sun’s power, Solana contributes to a cleaner, more sustainable South Africa, aligning with ACOF’s commitment to environmental responsibility.

This collaboration is not just about numbers; it’s about impact. Imagine children studying under the glow of solar-powered lights, businesses operating uninterrupted, and entire villages empowered by clean, locally generated energy. This is the brighter future that Solana and ACOF are working towards, one sunbeam at a time.

With ACOF’s fuel propelling them forward, Solana Energy is poised to illuminate not just homes, but a more sustainable and equitable future for South Africa. This partnership is a testament to the power of collaboration in tackling critical challenges and creating a brighter tomorrow for all.

CONCLUSION:

This partnership between ACOF and Solana Energy goes beyond just money. It brings hope to South Africa during its energy crisis. ACOF’s investment allows Solana to bring solar power to more homes and communities, creating jobs and promoting a cleaner future. This is more than just solving loadshedding; it’s a step towards a sustainable and empowered South Africa powered by the sun.

Call to action:

South Africa’s energy future rests not just on megawatts, but on the collective action of purpose-driven organizations like ACOF and Solana Energy. Will you join them in illuminating a brighter path?

Apply for Funding With ACOF by clicking here.

Use Solana energy for solar solutions – click here.

Attributable quote – Solana Energy 

“As a high-growth business, it is a challenge to find funding partners who understand the nature of the SME environment in South Africa and are responsive and able to tailor appropriate funding solutions. We have been very impressed with the Altvest team throughout this process and we look forward to working with them to fuel our next growth phase” – Ahmed Motara – Business Development lead, Solana Energy.

For further information or images on Solana Energy: Contact Ane Bresler, [email protected] – (076) 135-2278

SOURCE
Harvard Reference for Reserve Bank of South Africa (2023) “Reflections on load-shedding and potential GDP impact”:

Author: Reserve Bank of South Africa (RESBANK)

Year: 2023

Title: Reflections on load-shedding and potential GDP impact

Read also:

Two years on, Altvest expands into SME credit with R100m war chest and third listing
Altvest Mk II: Stafford, GG join Wheatley’s dream – repositioned, now watch it fly
Disruptive alternative investment platform Altvest to secondary list on A2X

Visited 13 times, 13 visit(s) today

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : BizNews – https://www.biznews.com/sponsored/2024/02/13/altvest-credit-opportunities-fund-solana-energy

Tags: Altvestbusinesscredit
Previous Post

Section 12J vs Section 12B tax deductible investments

Next Post

Bitcoin’s remarkable comeback: Surges to $50,000, overcoming scandals and legal woes

PFAS in East Selah drinking water – Washington State Department of Ecology (.gov)

Alarming PFAS Contamination Discovered in East Selah Drinking Water

October 1, 2025
Science Expo – Northern Public Radio

Discover the Wonders of Science at the Exciting Expo!

October 1, 2025
Science and artificial intelligence could help personalize brain stimulation for smokers – News-Medical

How Science and AI Are Transforming Personalized Brain Stimulation to Help Smokers Quit

October 1, 2025
Review: What’s good at new prime-cuts steakhouse in Virginia Beach – Yahoo

Review: What’s good at new prime-cuts steakhouse in Virginia Beach – Yahoo

October 1, 2025
STELLA Automotive AI Appoints Fred Seidelman as Chief Technology Officer – Yahoo Finance

STELLA Automotive AI Appoints Fred Seidelman as New Chief Technology Officer

October 1, 2025
Sports Illustrated’s Men’s College Basketball Preseason Top 25 – Sports Illustrated

Sports Illustrated’s Men’s College Basketball Preseason Top 25 – Sports Illustrated

October 1, 2025
Milan Fashion Week Asks the Question: Is It the Best-Dressed City in The World? – The New York Times

Milan Fashion Week Asks the Question: Is It the Best-Dressed City in The World? – The New York Times

October 1, 2025
How a government shutdown would impact the economy – CBS News

How a Government Shutdown Could Impact the Economy

October 1, 2025
Penn State-Themed Restaurant and Entertainment Spot Happy Valley Live Set to Open in State College – StateCollege.com

Penn State-Themed Restaurant and Entertainment Spot Happy Valley Live Set to Open in State College – StateCollege.com

October 1, 2025

Teresa Nicholson Celebrated as Pardee Hospital’s Teammate of the Year

September 30, 2025

Categories

Archives

October 2025
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Sep    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (845)
  • Economy (865)
  • Entertainment (21,740)
  • General (17,342)
  • Health (9,909)
  • Lifestyle (879)
  • News (22,149)
  • People (868)
  • Politics (876)
  • Science (16,076)
  • Sports (21,366)
  • Technology (15,849)
  • World (848)

Recent News

PFAS in East Selah drinking water – Washington State Department of Ecology (.gov)

Alarming PFAS Contamination Discovered in East Selah Drinking Water

October 1, 2025
Science Expo – Northern Public Radio

Discover the Wonders of Science at the Exciting Expo!

October 1, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version