Mettle Solar acquires 50% stake in SPS

Photovoltaic (PV) installation company Mettle Solar has acquired a 50% stake in engineering and construction firm Sustainable Power Solutions (SPS) for an undisclosed amount.   SPS was involved in the installation of more than 4 000 roof-mounted 1.2 MW solar panels at the V&A Waterfront in Cape Town. The company also installed and commissioned a 500 kW ground-mounted solar system on the island of St Helena, to reduce the island’s dependence on diesel fuel.   Mettle Solar MD François van Themaat said the transaction was the outcome of a close working relationship with SPS, which had undertaken the design and installation of a number of Mettle Solar’s major grid-connected PV contracts.