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Maia Capital Partners has provided R150 million ($9.12 million) mezzanine debt funding to Nesa Power, a South African commercial and industrial renewable energy group delivering integrated solar, storage and energy solutions under long-term power purchase agreements (PPAs).
The mezzanine debt funding will be used by Nesa as growth capital to fund the acquisition of solar photovoltaic sites and expand its PPA portfolio.
Since its inception, Nesa and its founders have built over 46 megawatts-peak (MWp) of solar PV generation capacity and 6.5 megawatt-hours (MWh) of battery storage.
Tshandu Ramusetheli, CEO of Maia Capital, said: “We are excited to partner with Nesa on this transaction and to support their growth as they continue to build out their renewable energy platform. This investment sits at the heart of what we set out to achieve when we established our impact fund – deploying private capital to address real societal challenges. Providing clean, affordable energy to South African businesses is one of our key impact and investment objectives, and it directly supports the government’s ambition to strengthen the country’s energy security through expanded private sector generation. This partnership exemplifies our belief that impactful investments can drive both economic growth and social progress.”
Mike Bleyenheuft, co-founder and CEO of Nesa Power, added: “Securing this mezzanine facility from Maia Capital is a significant milestone for the group and reflects the strength of the business we have built. The partnership with Maia Capital will ensure that Nesa continues to deliver innovative, high-quality renewable energy solutions to the C&I market. The energy transition in South Africa is accelerating, and with the private renewable market on a trajectory to surpass R200 billion ($12.17 billion) by 2030, the opportunity ahead of us is substantial. We look forward to leveraging this partnership with Maia Capital to drive our next chapter of growth.”
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