Sustainable Energy Solutions Sweden Holding AB (publ) ("SENS" or the "Company") announces today that the Company has entered into a cooperation agreement with Kracht Alpha (Pty) Ltd ("KA"). The collaboration implies that KA will act as a project development partner to SENS 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.
For further information please contact:
Henrik Boman, VD; Tel: 070-224 63 61
This information is such that Sustainable Energy Solutions Sweden Holding AB (publ) is obliged to make public according to the EU's market abuse regulation (EU no. 596/2014). The information was provided, through the above contact person, for publication on August 22, 2022 at 5:15 p.m.
Sustainable Energy Solutions Sweden Holding AB (publ), “SENS”, provides technical solutions enabling the transition to a fossil-free and CO2 neutral energy mix both locally and internationally. SENS develops, builds and sells large-scale projects from solar and wind power and energy storage. The company also conducts consulting services for energy companies and property owners within sustainable energy systems. The company is also active in technology development related to renewable energy sources and energy storage. The company is listed on NGM Nordic SME under the short name SUST.
About Kracht Alpha
Kracht Alpha Property Limited “Kracht Alpha”; is a private company specialising in the provision of bespoke alternative and renewable energy generation solutions for the agriculture and industrial markets across Southern Africa. The company designs and develops hybrid Solar PV, hybrid Biogas and energy storage projects. The company also provides project management, system design consulting, financing solutions and various process optimisation technologies related to energy conservation.