South African solar energy provider Wetility has secured a $30 million (R500 million) funding agreement with investment firm Jaltech to expand access to solar energy for homes and small businesses across the country. The partnership aims to accelerate the deployment of decentralized solar systems, adding over 16 MW of new capacity to South Africa’s energy grid. This move is a direct response to the country’s ongoing energy challenges and aligns with its goals to improve energy resilience through sustainable alternatives.
Strategic Capital for Sustainable Growth
The funding package includes a blend of senior and equity capital, structured to support Wetility’s aggressive growth objectives. It will finance the rollout of solar and battery installations that are projected to reduce carbon emissions by more than 250,000 metric tons. By enhancing its ability to serve the residential and SME sectors, Wetility is positioning itself as a central player in South Africa’s transition to clean energy.
Enabling Access Through Technology
Wetility’s integrated solar solutions combine photovoltaic systems with intelligent energy management and storage, offering homeowners and businesses predictability and savings in an uncertain power landscape. The systems are tailored for South Africa’s unique energy challenges, including erratic grid performance and widespread load shedding. With this funding, the company plans to significantly scale installations, bringing its services to thousands of additional customers.
A Vision for One Million Connections
The new capital injection is part of Wetility’s long-term strategy to bring solar power to over one million South African households and small businesses. The company’s model emphasizes accessibility, control, and affordability, key factors in making clean energy mainstream. According to Wetility CFO Dawid Swart, the Jaltech partnership is a pivotal milestone: “This funding unlocks the next phase of our growth, empowering thousands of homeowners and SMEs who want more predictability, control, and savings in the face of a volatile energy landscape.”
Jaltech Bets Big on Distributed Energy
Jaltech, known for backing high-impact sectors, has been a long-time supporter of Wetility’s early-stage plans but is now taking a much larger stake in driving the business forward. The firm believes that Wetility’s model offers a scalable, future-ready solution to the country’s energy issues. Jaltech co-founder Derrick Hyde stated, “We are now ready to stand firmly behind them and back their mission to deliver reliable energy to thousands of homes.”
Answering the Load Shedding Crisis
South Africa continues to experience grid instability, frequent outages, and increased demand for alternative power solutions. The need for decentralized energy has never been more urgent, and companies like Wetility are stepping in to offer viable answers. With this funding, Wetility not only aims to grow its own operations but also to support the broader movement toward energy independence.
The Wetility-Jaltech partnership sets a strong precedent for how innovative financing can accelerate clean energy adoption in emerging markets. It reflects growing investor confidence in distributed energy models and highlights the potential for solar to bridge the gap in underserved energy segments. As Wetility scales its footprint, it reinforces the idea that affordable, reliable, and sustainable energy is not just possible, but increasingly within reach for South African households and businesses.