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Gridworks finalises investment in South Africa’s Mettle Solar

Gridworks, a company launched by the UK government-owned CDC Group, announced on 2 December that it has reached financial close on a R106.7m ($7.5m) investment in South African commercial and industrial (C&I) solar company Mettle Solar Investments. The transaction has been in the works since before Gridworks was launched at the Africa Energy Forum in Lisbon in June and the commitment was first announced in July.The deal will see Mbuvi Ngunze appointed as Mettle’s chairman and Gridworks chief executive Simon Hodson and director Chris Flavin join the board of directors.

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