The funding comes as part of a structured mezzanine financing package that enabled the exit of Inspired Evolution from CESA, positioning SolarAfrica as the sole shareholder of the company.

CESA holds a portfolio of commercial and industrial (C&I) rooftop solar and battery storage assets developed by SolarAfrica.

These assets form part of a broader push toward distributed energy infrastructure, aimed at helping businesses reduce their reliance on expensive grid power, lower their energy costs, and cut carbon emissions.

SolarAfrica is known for delivering tailored clean energy solutions such as photovoltaic solar systems, battery storage, energy trading, electricity wheeling and gas-to-power services to industrial and corporate customers, particularly in South Africa’s challenging electricity landscape.

Commenting on the transaction, Roshal Ramdenee, partner at Vantage Capital, said the deal underscores the firm’s belief in distributed energy infrastructure and the robustness of SolarAfrica’s operations.

“CESA’s contracted C&I solar and battery portfolio provides predictable cash flows and supports South Africa’s shift to reliable and sustainable power,” Ramdenee explained, adding that Vantage looks forward to deepening its collaboration with SolarAfrica and Greenpoint as CESA grows.

Warren van der Merwe, managing partner at Vantage Capital, highlighted the role of mezzanine finance in the evolving energy sector.

He pointed out that Vantage has provided senior debt for numerous renewable energy projects through its GreenX division, and this transaction demonstrates how mezzanine capital can complement traditional project financing.

Van der Merwe also praised SolarAfrica’s leadership for executing a smooth and rapid process under tight timelines.

From Greenpoint Capital, Nic van Zyl, chief investment officer, welcomed the completion of the investment and reiterated his company’s long-standing support for SolarAfrica’s progress.

“We are pleased to have finalized this transaction in support of the SolarAfrica team, whose progress we have tracked over many years,” van Zyl said, and expressed enthusiasm about working with Vantage on the solar asset.

The deal reflects continued investor interest in South Africa’s renewable energy segment, where private developers like SolarAfrica are expanding capacity and delivering clean power alternatives amid persistent supply challenges.