Innovent, Powerway to Revolutionize Africa’s Solar Rooftop Market

Powerway Renewable Energy Co. Ltd.’s subsidiary Powerway PV SA partnered with InnoVent Rental and Asset Management Solutions to launch a pioneering lease finance initiative for solar PV rooftop power solutions. The mechanism will be available for commercial, industrial, government, and residential use in South Africa with ambitions to expand throughout the continent.

The leasing model allows consumers to access solar power for less than the rate at which they currently pay for normal power. No capital outlay will be required from consumers. TÜV Rheinland and Marsh will provide the quality system performance review, measurement, and insurance products.

Zakhe Khuzwayo, Group CFO of InnoVent, said: “As far as access to affordable renewable energy is concerned, this partnership is a game changer. This space has just experienced a tectonic shift and will never be the same again in Africa”.

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