EXSA Expands Solar Supply in South Africa

June 03, 2025

Key Figures & Findings: Energy Exchange of Southern Africa (EXSA), a Cape Town-based renewable energy provider backed by Remgro and Rand Merchant Bank is accelerating its entry into South Africa’s energy wheeling market with two utility-scale solar projects totaling 30 MW.W ith contracts already secured with companies like Woolworths and Old Mutual, the company is leveraging its early trading license and wheeling infrastructure to ease pressure on Eskom by buying power in bulk from IPPs for resale through long-term contracts and giving renewable power directly to end users. According to CEO Wayne Cowie, the projects align with EXSA’s strategy to reduce state dependency and utilize private capital to enhance grid capacity.

Statistics & Insights: The first 5 MW solar project, which reached financial close in 2024, is expected to begin operation by June 2025. while the second, a 25 MW plant, is scheduled to start commercial operations in early 2026. 

Future Implications: If executed on schedule, these projects could help enhance South Africa’s renewable energy capacity and provide more stable power solutions for corporate clients. EXSA’s expansion may also encourage further investment in the country’s renewable energy sector.