Clean energy developer ET Energy has launched a subsidiary in South Africa which will focus on managing large-scale photovoltaic (PV) power plants in the Sub-Saharan Africa.
The new subsidiary, ET Solutions South Africa, will provide engineering, procurement and construction (EPC) as well as operations and maintenance (O&M) services for solar power plants.
ET Energy South Africa regional director Kobus Ackermann said: "Our new subsidiary will be the operational headquarters for our work in all Sub-Saharan countries.
"It will oversee our local operations and coordinate the execution of all projects in Sub-Saharan Africa, as well as developing business opportunities for future projects."
The spinoff of the new subsidiary comes after ET Energy won 130MW of contracts under the fourth round of bidding in the country’s Renewable Energy Independent Power Producer Procurement Program (REIPPPP).
The REIPPPP aims to add 3,725MW of clean power to the country’s energy generation mix.
ET Energy is responsible for the development of the 130MW of projects for undisclosed South African based investor.
The firm plans to commence the construction on the project at the end of the third quarter of 2016.
ET Energy president and CEO Dennis She said: "Africa has abundant sunshine, yet an estimated 600 million people lack proper access to electricity.
"However, now that PV prices are competitive with fossil fuel prices, even without subsidies, Africa can become power-independent using its own resources.
"We are proud to help this marvelous continent use its own clean, renewable energy without environmental side effects."
In the next two years, the new company aims to provide an additional 300MW of EPC services in South Africa and other Sub-Saharan markets.
South Africa aims to generate 42% of total power from renewable sources by 2030.