Puma Energy, a global energy business, has announced a strategic partnership with MBHE Group, a renewable energy solutions provider in South Africa. The deal will see Puma Energy acquire a 49% stake in MBHE Group, which owns and operates high-quality renewable energy assets across the continent.
The partnership aligns with Puma Energy’s purpose of energizing communities and helping industrial and commercial customers prepare for the future of energy and decarbonize their operations with fully integrated renewable energy solutions.
MBHE Group specializes in the design, supply, installation, and operation of solar photovoltaic (PV) systems and battery technology for various sectors, including retail centers, manufacturing, hospitals, heavy industry, and mining. The company has a proven track record of delivering innovative and cost-effective solutions that meet the energy needs of its clients.
The partnership with Puma Energy will drive expansion by providing access to new customers and unlocking financial facilities to fully develop its pipeline of projects. Key growth opportunities across southern Africa include the installation of solar PV, battery energy storage solutions, and off-grid solar PV plants. The partnership will also create more opportunities for MBHE Group to secure power purchase agreements to develop projects and benefit from long-term contracts.
MBHE Group’s financial director Werner van Wyk said, “The partnership between Puma Energy and MBHE enables us to maintain our aggressive growth strategy, offering energy as a service. The unique differentiator is not only being able to provide holistic solar and energy storage solutions with strong technical and financial support but also accessing a much larger market through Puma’s existing footprint and network of commercial and industrial clients in sub-Saharan Africa.”
Puma Energy’s head of solar for Africa Shamsher Singh said, “Puma Energy is committed to its purpose of energizing communities and helping our customers and partners to reduce their carbon emissions and prepare for the future of energy. Our partnership with MBHE will help realize that vision across southern Africa. Many of Puma Energy’s industrial and commercial customers are seeking renewable energy solutions and MBHE already has an impressive pipeline of projects which will drive growth over the next few years.”
The partnership comes at a time when Africa is facing a growing energy demand, as well as the challenges of climate change and energy security. According to the International Renewable Energy Agency (IRENA), Africa has the potential to meet up to 67% of its energy needs by 2030 with renewable sources, if the right policies, regulations, governance, and access to financial markets are in place.
Renewable energy is seen as a key driver of sustainable development, job creation, and social inclusion in Africa. Several African countries have already shown leadership and commitment to scaling up renewables, such as Egypt, Ethiopia, Kenya, Morocco, and South Africa.
The partnership between Puma Energy and MBHE Group is expected to contribute to the renewable energy transition in Africa and support the continent’s aspirations for a green and prosperous future.
Source: Bizcommunity
