News flash
- IBC SOLAR, a leading German provider of photovoltaic (PV) and energy storage systems, has acquired a majority stake in SOLARWORLD Africa.
- The acquisition follows a partnership established in 2022 and marks a critical step in IBC’s long-term ambition to deepen its reach into Africa’s solar PV market across all segments.
“The deal strengthens IBC’s South Africa’s solar supply chain and supports decentralised power generation amid rising electricity prices and grid instability,” said IBC CSO, Patrik Danz.
SOLARWORLD Africa will transition into full IBC ownership after a two-year handover period.
IBC SOLAR has been active in South Africa since 2017, will now directly serve key solar markets across the continent through an expanded network. The merger enables a more efficient deployment of commercial-scale solar PV, large storage systems, and off-grid solutions—critical in regions with unreliable national grid coverage.
Author: Bryan Groenendaal
