Stimulus acquires stake in Khomas Solar Saver
12 Feb 2017 08:50am
WINDHOEK, 12 FEB (NAMPA) Private equity investment company, Stimulus Investment Limited has acquired a 67.6 per cent ownership stake in the recently established Khomas Solar Saver Limited.
A statement issued on Friday by Stimulus Investment said the remainder of the shares are owned by the founding shareholders and key members of the management of Khomas Solar Saver.
Khomas Solar Sever is a renewable energy, financing and installing service provider.
Our investment will strengthen their balance sheet and allow the business to take full advantage of the opportunities of the increased go green ambitions amongst the corporate sector in Namibia, said the statement.
It further said Khomas Solar Saver has a highly competent management team with a unique combination of technical and financial expertise to roll-out and manage their business plan.
The company was established last year and offers financing and long-term rental options for the installation of rooftop solar photovoltaic (PV) systems to corporate and commercial clients in Namibia.
The business model targets high-grade properties of long-term relevance and enables them to install complete solar PV without any capital outlay.
These systems go a long way in fulfilling the demand for cost effective, renewable energy solutions in a market that is increasingly favourable toward green technology.
One of the founders of Khomas Solar Saver, Owen Sivertsen was quoted in the statement as saying since its inception, the company has installed 12 solar PV systems at Lady Pohamba Private Hospital, Metro Hyper, Engen Academia, Oshana Build it and River Crossing Lodge, with a further 14 PV systems in the process of being commissioned.