Sustainable Energy Solutions Sweden Holding AB: SENS and Kracht Alpha have entered into a cooperation agreement regarding energy project development in South Africa
During the past year, after merging with Pumped Hydro Storage Sweden AB, SENS has increased its activity in the South African market, a market with great growth potential for renewable energy and energy storage.
As a project developer of renewable energy and energy storage projects, SENS' role is to secure projects and investigate its technical and commercial conditions, to be able to calculate and eventually deliver a robust and bankable infrastructure project and an attractive investment.
KA, which is also a renewable energy project developer, has extensive experience, local knowledge and network from developing projects in the South African market. By entering into a partnership, KA gets the opportunity to utilise SENS' technical competence and offering regarding sustainable energy solutions. And SENS gets both stronger local knowledge as well as additional resources on the ground that will be essential for SENS in finding new business opportunities in a market that is otherwise relatively far away from Sweden. Together, SENS and KA will identify, investigate and execute sustainable energy development projects together.
Francois van Tonder, Kracht Alpha CEO says "We are very pleased as this partnership enables us to expand our energy solution offering for our agri, commercial and industrial customers across the SADC region, backed by SENS' international expertise in energy project development and leading energy storage solutions".
I am very happy and excited that with this cooperation agreement, SENS has further strengthened our presence, local knowledge and capacity in terms of project development of renewable energy and energy storage in South Africa and neighbouring countries by entering into partnership with Kracht Alpha (Pty)Ltd., says Henrik Boman, CEO at SENS.