What Nesa Power does

Nesa Power (Pty) Ltd is a South African commercial and industrial renewable energy solutions provider founded in 2015 and headquartered in Sandton, Gauteng. The company delivers turnkey energy solutions spanning solar PV systems (ground-mounted, roof-mounted, and carport), battery energy storage systems (BESS) using both Lithium-ion and Vanadium Flow chemistries, grid-tied, hybrid, and off-grid configurations, and energy wheeling services. Nesa Power targets C&I customers across multiple verticals with primary focus on retail, agriculture, mining, and manufacturing; project sizes range from 185 kWp to 4.7 MWp of solar and 1 MWh to 4 MWh of battery storage across at least seven South African provinces (North West, Gauteng, Tshwane, Mbombela, KwaZulu-Natal, Eastern Cape, and the Cape Town region).

The core offering integrates in-house engineering, procurement, and construction (EPC) with three funding pathways — Power Purchase Agreements (PPAs), operating leases including off-balance-sheet battery leases, and outright purchase — together with ongoing operations and maintenance delivered under tiered service-level agreements that include daily monitoring, monthly performance reporting, and predefined response windows. Nesa Power also runs Section 12B and Section 12J tax-advantaged renewable energy investment funds and operates Captive Carbon (Pty) Ltd, a wholly-owned subsidiary that originates Verified Carbon Units under Verra's Verified Carbon Standard (Project ID 3659) from the company's own solar and storage portfolio. Battery chemistry selection is informed by customer load-profile analysis: Lithium for shorter-duration, higher-efficiency applications (approximately 93% roundtrip efficiency, 12-18 year life) and Vanadium Flow for longer-duration, deeper-cycle use cases (100% depth-of-discharge capability, 25-30 year life, non-flammable water-based electrolyte).

Revenue is generated through a mix of recurring and transactional streams: long-tail PPA and operating-lease payments, monthly O&M subscriptions (including standalone contracts on systems built by third-party EPCs), one-off EPC fees on outright purchases, Section 12B fund management fees, and transaction-based carbon credit revenue. Pricing is quote-based and not publicly disclosed. Go-to-market combines direct enterprise field sales through regional offices in Gauteng, KwaZulu-Natal, and Cape Town, a website lead-capture funnel segmented by business vertical, and an EPC Partner Programme that channels third-party EPCs and developers into funded deal flow. Named customers include Africrest Properties (10-year relationship, 35+ PV systems), Makro (two large retail installations totaling approximately 6 MWp with combined 5 MWh BESS), and multiple unnamed agricultural enterprises. Leadership is founder-led, with Managing Director Mike Bleyenheuft and Director Percy Ying as co-founders, alongside Director of Operations Brett Klette and a 30+ person team across engineering, finance, project management, business development, and field operations.

Name

Nesa Power

Legal name

Nesa Power (Pty) Ltd

Website

https://nesapower.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Nesa Power is a South African commercial and industrial renewable energy EPC that designs, funds, installs, and maintains solar PV and battery storage systems under PPA, lease, and direct-purchase models, with carbon credit origination via subsidiary Captive Carbon.

Ownership category

akta.pro rank

Product category

Commercial & Industrial Renewable Energy Services

NAICS

Solar Electric Power Generation (221114), Electric Power Generation (22111)

SIC

Electric Services (4911)

akta.pro primary industry

C&I PPAs & Virtual PPAs (VPPA) Origination & Management (EUAGACAF)

akta.pro secondary industries

Hybrid PPAs (Renewables + Storage) & Firm Renewable Products (EUAGADAI), PPA Origination, Structuring & Offtake Contracting (Physical/Financial, Sleeves) (EUAMAMAD), Project Finance & Capital Structuring (Debt/Tax Equity/Project Bonds) (EUAMAAAD), Permitting, Environmental & Stakeholder Engagement (EIA/ESIA, Community Relations) (EUAMAAAB), SCADA, Controls & Communications Integration (RTU, Fiber, Networking) (EUAEADAD)

Keywords

• Commercial solar PV
• Battery energy storage
• Power purchase agreements
• Energy wheeling services
• Carbon credit trading

Headquarters

HQ city

Gauteng

HQ country

South Africa

HQ region

Africa

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Supply Chain, Marketing or Sales, Infrastructure

Revenue model

1. Power Purchase Agreements (PPAs): Nesa Power finances, designs, installs, and maintains solar energy systems at client sites. Clients pay only for electricity generated at predictable, lower rates than Eskom. Revenue accrues over the contract term through energy payments.
2. Operating Leases: Solar and battery storage solutions offered without upfront capital. Off-balance-sheet treatment available. Clients pay fixed rental tariffs including O&M.
3. Operations and Maintenance Services: Ongoing O&M services for solar plants including inspections, performance monitoring, repairs, system optimization, panel cleaning, and SLA management. Can be standalone service for non-Nesa built systems.
4. Capital Project Sales (Outright Purchase): Clients can purchase solar systems outright. Engineering, procurement and construction fees charged as once-off, plus ongoing optional O&M. Typical payback under 5 years.
5. Carbon Credits (Captive Carbon): Carbon credit trading desk originates verified carbon credits under Verified Carbon Standard program from Verra. Revenue from trading VCUs generated from solar PV and battery storage facilities.
6. Section 12B Fund Investments: Launched Section 12B renewable energy fund allowing investors to benefit from 125% tax incentive on solar investments in first year. Nesa Power structures and manages fund investments.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels7 records

Core offering

Nesa Power is a South African renewable energy independent power producer that develops, finances, and operates solar PV, battery energy storage, and hybrid microgrid solutions for commercial and industrial customers. The company structures deals using Power Purchase Agreements (PPAs), energy wheeling arrangements, and South African tax incentives (Section 12B and Section 12J), and monetises emission reductions through its Captive Carbon carbon credit subsidiary while delivering ongoing operations and maintenance services.

Product overview

Nesa Power offers a comprehensive suite of renewable energy solutions for commercial and industrial businesses in South Africa, combining a core product portfolio with flexible funding options. The primary offerings include Solar Energy Solutions (turnkey design, engineering, and construction of ground-mounted, roof-mounted, and carport solar installations), Battery Storage Systems using both Lithium and Vanadium Flow technologies, Energy Wheeling services, and Power Purchase Agreements (PPAs). These core products are complemented by Operations & Maintenance services for ongoing system performance, and Carbon Credits through the Captive Carbon desk registered under Verra's Verified Carbon Standard. Funding flexibility is provided through PPAs, Battery Leases, and tax incentive funds (Section 12B and Section 12J). The company also offers three distinct system architectures: Grid-Tied (for daytime savings), Hybrid (for resilience and peak management), and Off-Grid (for complete energy independence). The lifecycle model integrates EPC, funding, and O&M into a single consistent delivery model.

Differentiator

Problem solved

Functional benefit

Brands

• Captive Carbon: Carbon credit trading desk that originates verified carbon credits according to the Verified Carbon Standard program from Verra.

Products and services

• Commercial & Industrial Solar PV Solutions Solar photovoltaic system design, supply, and installation for commercial and industrial energy users in South Africa seeking to reduce grid reliance and electricity costs.
• Battery Energy Storage Systems (BESS) Battery storage solutions integrated with solar PV or as standalone assets to provide backup power, peak shaving, and load-shifting for commercial and industrial customers.
• Power Purchase Agreements (PPAs) Long-term contractual arrangements under which Nesa Power finances, owns, and operates renewable energy assets and sells electricity to commercial and industrial offtakers at agreed tariffs.
• Energy Wheeling Services Structuring and management of energy wheeling arrangements that allow electricity generated at one location to be transmitted via the South African grid to a commercial or industrial customer's point of consumption.
• Operations & Maintenance (O&M) Services Recurring operations, maintenance, monitoring, and performance management services for solar PV, BESS, and hybrid energy assets delivered to commercial and industrial customers.
• Carbon Credits via Captive Carbon Development, verification, and monetisation of carbon credits generated by Nesa Power's renewable energy projects, delivered through its Captive Carbon subsidiary to commercial and industrial clients seeking carbon offsets.
• Section 12B Tax Incentive Solution Renewable energy project structuring that leverages the South African Section 12B depreciation allowance to accelerate tax deductions for commercial and industrial clients investing in qualifying renewable assets.
• Section 12J Tax Incentive Investment Vehicle South African Section 12J venture capital investment vehicle that channels investor capital into Nesa Power's renewable energy projects, providing investors with tax deductions and exposure to project returns.

Quantifiable outcome

• First year solar savings of R800,000 and R26 million over 20 years for farm case study
• +6 more outcomes

Named customers6 records

Segments7 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered flagship and core.

• Africrest PropertiesflagshipStrategic or Co-development Partner · 1 January 201610-year partnership beginning with portfolio assessment of 24 properties. Nesa Power installed 35+ solar PV systems across Africrest commercial properties. Relationship characterized by trust-based recommendations (installing only where financially/technically sound) rather than maximizing installations. Systems monitored and maintained under service agreements.
• Renewable Energy Partners (EPC/Developer Network)coreChannel Partner/ Reseller/ DistributorPartner Program targeting EPCs and developers with 100% project funding options through PPAs and rentals. Partners access competitive terms and customer-centric quality service to deliver funded solutions to their clients. Nesa Power positions itself as ideal partner for EPCs looking to offer tailored funding solutions.
• Captive Carbon (Subsidiary)coreStrategic or Co-development PartnerCaptive Carbon (Pty) Ltd is a Southern African carbon offsets developer and subsidiary of Nesa Power. Specializes in registration and origination of Verified Carbon Units (VCUs) under Verra's Verified Carbon Standard program. Currently submitting verification for VCS Project ID 3659 covering Nesa Power's portfolio of small-scale solar PV and battery storage facilities.

Scale indicators9 records

Recent moves10 records

Expansion highlights7 records

Direct peers

• Pele Energy Group: South African B-BBEE IPP offering renewable energy solutions including solar PV, battery storage, PPAs and wheeling for C&I customers. Overlap with Nesa Power across technology stack, customer segments and lifecycle service delivery.
• PowerCapital (Solar Capital): South Africa-based solar IPP/PPA provider targeting commercial and industrial customers with funded, zero-capex solar solutions and O&M services — directly comparable business model, customer base (SA C&I) and funding structure to Nesa Power.
• Ener-G-Africa: South African solar PV and energy storage EPC serving commercial, industrial and agricultural customers — directly comparable C&I customer segments, project sizes and lifecycle services including O&M.
• Energy Partners: Established SA-based energy solutions provider delivering solar, hybrid and O&M services to industrial and commercial clients — closely comparable integrated-service, multi-vertical GTM and engineering-driven offering.
• Mulilo Energy: South African renewable energy IPP with both utility-scale and C&I solar exposure, including hybrid solar-plus-storage projects. Comparable South African footprint, IPP/PPA commercial structure and project-development capabilities.

Emerging players

• Sun Exchange: Cape Town-based solar finance platform that enables distributed solar funding and PPAs, including for C&I customers in South Africa. Comparable SA-focused C&I solar funding model; narrower project execution capability than Nesa Power but a relevant emerging alternative.

Others

• Eskom (as system operator/counterparty): South Africa's state-owned utility and primary grid counterparty whose tariffs, load-shedding events and wheeling framework directly shape Nesa Power's customer value proposition and PPA economics.

Broad incumbents

• juwi South Africa: Subsidiary of Germany's juwi AG, one of the larger international renewable developers active in South Africa across utility-scale and C&I projects. Overlaps with Nesa Power on solar PV, hybrid storage and PPA-based delivery but with broader portfolio scale and deeper capital backing.
• Scatec ASA: Norwegian-listed renewables IPP with an active South African portfolio across solar, wind and storage under PPAs with corporates and utilities. Larger and more diversified than Nesa Power, but competes for the same corporate PPA demand and large-scale C&I offtake.
• EDF Renewables South Africa: South African subsidiary of EDF Renewables developing utility-scale and corporate renewable PPAs (including wind, solar and storage). Comparable in project finance/PPA origination for SA customers but operates at materially larger scale as a global incumbent.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/NesaPowerPtyLtd
• LinkedInlinkedin.com/company/nesapower
• Instagraminstagram.com/nesapower/?hl=en

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nesa Power