Element Power Solar and Ariya Capital Sign Partnership to Develop Renewable Energy Projects in Africa.
Element Power Solar, the global renewable energy developer, and Ariya Capital, the UK- and Botswana-based private equity firm, have signed a new partnership agreement to identify, construct and operate renewable energy projects throughout the African continent.
A global player in the solar energy field, Element Power Solar, will act as a technical advisor to Ariya Capital in the selection of energy projects in Africa, while assisting the latter to implement its high-value investment strategy.
Fast growing industrial and commercial areas in Africa, where traditional power sources are scarce and expensive, can benefit from solar power supplies and provide good returns on investment.
Raimund Grube, COO of Element Power Solar, stated:
â€œThe new partnership will leverage Element Power Solarâ€™s international expertise in developing, constructing and operating solar projects and opening new markets where solar resource and prevailing power prices present strong investment opportunities â€œ
The technical expertise of Element Power Solar combined with Ariya Capitalâ€™s access to African development opportunities and additional investment capital , provide a sound base for a relationship that will permit both partners to help provide sustainable and renewable energy throughout the continent while benefitting from investments in that market.
Herta von Stiegel CEO of Ariya commented:
“We will be working closely with Element Power Solar on new projects in selected African countries. There is tremendous scope for clean solar power on the continent and our partnership will contribute towards addressing the energy security and emission reduction issues in the regions where we will invest.”emission reduction, energy field, energy security, global player, international expertise, investment capital, power sources, private equity firm, renewable energy developer, renewable energy projects, sign partnership, solar power, solar resource, value investment
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