In the investment equivalent of chasing the sun, we meet the team at Westbrooke responsible for the solar investment strategy. Clearly, this is an asset class that resonates with South Africans who are used to being in the dark. Ryan Rittoff and Saul Maserow are passionate about what they are doing.
In typical Westbrooke fashion, the group is investing and gaining real-world experience in this space before opening it up to external investors. In the meantime, Westbrooke would love to chat to you if you have commercial or industrial solar projects that need funding.
For more information on Westbrooke’s alternative asset strategies, be sure to visit www.westbrooke.co.za to find out more. Westbrooke Alternative Asset Management is an authorised Financial Services Provider, FSP number 46750.
Its also interesting to note that the City of Cape Town plans to eventually leave the Eskom grid and to pay cash for surplus energy transferred back into the grid by residential and commercial users who are generating their own solar energy. If this happens investing in Solar (or other renewable energy) will become an even more attractive investment opportunity. (reference ENCA news report July 2022)
Indeed, there are many interesting developments. The opening up of micro-generation could be a game changer, but there are many moving parts. We agree that it is an interesting and important space to watch.