GoSolr, backed by Patrice Motsepe and Standard Bank, plans to invest to expand solar panel.

GoSolr, a solar rental company backed by South African billionaire Patrice Motsepe and Standard Bank, plans to invest R10bn ($537m) to expand its solar panel and battery rentals in South Africa. The company aims to install 500MW of solar-generation capacity in four years, up from its current 70MW. GoSolr, which is the largest of its kind in South Africa, is capitalizing on the nation's power cuts and surging electricity prices.

May 02, 2024
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