Investec signs R100m facility with rooftop solar project developer

Investec Bank has, through its power and infrastructure finance (PIF) division, signed a R100-million term facility to fund Mettle Solar Investments’ current and future portfolio of commercial rooftop solar installations in sub-Saharan Africa. “With the decreasing cost of solar installations, the environment is becoming ever more favourable for the commercial rooftop solar market, with property companies and large energy users leading the way. “Investec is already one of the leaders in the provision of funding to this sector in North America and we were able to leverage our international expertise and deep understanding of the solar industry to provide an innovative funding solution to Mettle Solar.