SOLA Group
- Company typePrivate
- Founded2008
- HeadquartersCape Town, South Africa
- Headcount101–250
- GTM typeB2B
- OfferingServices
SOLA Group firmographics
Firmographics- Name
- SOLA Group
- Legal name
- SOLA Group
- Website
- https://sola.africa
- Company type
- Private
- Founded year
- 2008
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Ownership category
- akta.pro rank
SOLA Group industry classification
Industry- Product category
- Renewable Energy Services
- NAICS
- Electric Power Generation, Transmission and Distribution (2211)
- SIC
- Electric, Gas & Sanitary Services (4900)
- akta.pro primary industry
- C&I PPAs & Virtual PPAs (VPPA) Origination & Management (EUAGACAF)
- akta.pro secondary industries
- PPA Origination, Structuring & Offtake Contracting (Physical/Financial, Sleeves) (EUAMAMAD), Hybrid PPAs (Renewables + Storage) & Firm Renewable Products (EUAGADAI), Structured Renewable Products (Blocks, Shaped, Baseload, Peak, Firming) (EUAGADAE), Distributed Storage (Behind-the-Meter Batteries) (EUAMAJAE)
Keywords
Where SOLA Group is headquartered
LocationHeadquarters
- HQ city
- Cape Town
- HQ country
- South Africa
- HQ region
- Africa
Offices2 records
Markets served
SOLA Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales
Revenue model
- Power Purchase Agreements (PPAs): SOLA delivers clean energy to corporate clients through long-term Power Purchase Agreements. Clients purchase green electricity based on their exact energy requirements and preferred contract duration, typically 25-year agreements. Revenue is recurring based on energy delivery.
- Energy Wheeling: SOLA pioneered large-scale wheeling of renewable power in South Africa, enabling energy to be transmitted across the national grid to buyers not located at the generation site. This generates recurring revenue from wheeling fees charged to energy buyers.
- Behind-the-Meter Projects: SOLA develops and operates solar and battery projects located directly at customer facilities, providing clean energy that offsets grid consumption. Revenue generated through project development fees and ongoing energy supply agreements.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
SOLA Group product offering
Product offeringCore offering
SOLA Group is a vertically integrated South African renewable energy company that designs, builds, owns and operates utility-scale solar PV generation and battery energy storage projects. It delivers clean energy to corporate clients via long-term Power Purchase Agreements (PPAs) and both traditional and virtual energy wheeling across South Africa's national grid, including behind-the-meter installations at customer facilities.
Product overview
SOLA Group is a vertically integrated renewable energy company offering a portfolio of solar generation, battery storage, and energy wheeling solutions. The core offering consists of Utility and Wheeling Projects (large-scale solar PV installations like Naos-1, Springbok, and Selemela that wheel power to private enterprises), Battery Storage Projects (co-located and standalone BESS installations), and Behind the Meter Projects (on-site solar for corporate facilities). These are complemented by Power Purchase Agreement services and both traditional and virtual energy wheeling capabilities, enabling businesses across South Africa to procure renewable electricity through flexible contractual arrangements.
Differentiator
Problem solved
Functional benefit
Products and services
- Utility and Wheeling Projects
Quantifiable outcome
- Built nearly 3GW of solar assets
- +4 more outcomes
Companies that use SOLA Group
Customer profileNamed customers9 records
Segments3 records
Ideal customer profiles1 record
SOLA Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
SOLA Group partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- Envision EnergycoreEnvision Energy partnered with SOLA Group and WBHO to develop the 660 MWh Naos-1 battery energy storage system in South Africa's Free State. Envision will deliver design, manufacturing, operations, and maintenance services under a 25-year Long-Term Service Agreement, utilizing AI-driven battery technology to optimize performance and safety.
- WBHOcoreWBHO is the construction partner for the Naos-1 hybrid solar and battery project near Viljoenskroon in South Africa's Free State province. The 300MW solar PV facility with 660MWh battery storage is under construction.
- SasolcoreSasol is a key offtaker for SOLA's Naos-1 project with a 25-year power purchase agreement. The chemicals and energy company is one of the major corporate clients for wheeling renewable energy in South Africa.
- Air LiquidecoreAir Liquide is a key offtaker for SOLA's Naos-1 project with a 25-year power purchase agreement supporting the 300MW solar and 660MWh battery storage hybrid facility.
Scale indicators7 records
Recent moves6 records
Expansion highlights6 records
SOLA Group competitors and assessment
Company assessmentDirect peers
- Scatec: Norwegian-listed renewable IPP that develops, owns and operates solar PV and battery storage projects with long-term PPAs across emerging markets including South Africa. Directly comparable as a vertically integrated solar+BESS IPP selling to C&I and utility offtakers in Africa.
- Lekela Power: Africa-focused renewable IPP backed by Actis that develops, owns and operates utility-scale wind and solar projects with long-term PPAs across the continent. Directly comparable as a pan-African renewable IPP with C&I and utility offtakers.
- Mainstream Renewable Power: Global renewable energy developer with major presence in South Africa and the rest of Africa, developing utility-scale wind and solar projects with corporate and utility PPAs. Comparable as a developer/operator of large-scale renewable generation in Africa.
- Globeleq: UK-headquartered independent power producer focused exclusively on renewable energy generation across Africa. Closely comparable as an African-focused IPP operating utility-scale solar and wind assets with long-term offtake agreements.
Broad incumbents
- ACWA Power: Saudi-headquartered developer and operator of power generation and desalinated water with growing African renewables portfolio and long-term PPAs. Comparable as a large-scale renewable IPP active in Africa with a focus on corporate/utility offtake.
- Enel Green Power: Global renewable energy subsidiary of Enel operating utility-scale solar, wind and storage across multiple continents including Africa. Comparable as a large-scale solar+BESS IPP selling via long-term PPAs to corporate and utility customers.
- EDF Renewables Africa: Renewables arm of EDF group operating in South Africa with utility-scale solar and wind projects and corporate PPAs. Comparable in its African solar IPP offering and use of private wheeling/PPA structures.
- ENGIE Energy Africa: African arm of the global utility ENGIE, operating renewable generation and energy services across multiple African countries including South Africa. Comparable in its offering of renewable PPAs and utility-scale solar/wind capacity on the continent.
Regional players
- Mulilo Renewable Energy: South African renewable energy developer that has delivered several utility-scale solar PV projects under the REIPPPP programme and private PPAs. Comparable as a SA-based solar IPP selling to corporate and utility offtakers.
- CBI Electric: South African solar EPC and behind-the-meter provider serving commercial, industrial and mining customers with on-site PV. Partially comparable in its SA-based behind-the-meter solar offering for C&I customers, though smaller in scale.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
SOLA Group social profiles
Digital presenceSOLA Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
SOLA Group leadership team
Management profileNumber of profiles
Profiles1 record
SOLA Group funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SOLA Group M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about SOLA Group
What does SOLA Group do?
SOLA Group is a vertically integrated South African renewable energy company that designs, builds, owns and operates utility-scale solar PV generation and battery energy storage projects. It delivers clean energy to corporate clients via long-term Power Purchase Agreements (PPAs) and both traditional and virtual energy wheeling across South Africa's national grid, including behind-the-meter installations at customer facilities.
Is SOLA Group a public or private company?
SOLA Group is a private company. It is classified as private equity controlled and is currently operating.
When was SOLA Group founded?
SOLA Group was founded in 2008. It employs 101 to 250 people.
Where is SOLA Group based?
SOLA Group is headquartered in Cape Town, South Africa, in the Africa region.
How does SOLA Group make money?
Three revenue lines are on record. Power Purchase Agreements (PPAs) is the primary driver. The others are energy Wheeling and behind-the-Meter Projects.
Who are SOLA Group's main competitors?
Direct peers on record are Scatec, Lekela Power, Mainstream Renewable Power and Globeleq. Broad incumbents are ACWA Power, Enel Green Power, EDF Renewables Africa and ENGIE Energy Africa. Regional players are Mulilo Renewable Energy and CBI Electric.
Does SOLA Group have an API?
No public API is recorded for SOLA Group.
What industry is SOLA Group in?
SOLA Group's product category is Renewable Energy Services. Its primary akta.pro industry code is EUAGACAF, C&I PPAs & Virtual PPAs (VPPA) Origination & Management, with a secondary code of EUAMAMAD, PPA Origination, Structuring & Offtake Contracting (Physical/Financial, Sleeves). Its NAICS code is 2211 and its SIC code is 4900.