Press release
Gehrlicher Solar AG and Ikhwezi Investment Holdings (Pty) Ltd form a joint venture in South Africa
Representatives of Gehrlicher Solar AG and Ikhwezi Investment Holdings (Pty) Ltd after the signing.
Dornach n. Munich, December 3, 2010. The newly launched company Gehrlicher Ikhwezi (Pty) Ltd combines German photovoltaic know-how with the market knowledge of a locally well established, majority black owned company focusing on investments in renewable energy. Specific emphasis will be placed on constructing photovoltaic systems and selling the generated power to large and small energy consumers. This includes off-grid applications that provide green power to commercial customers, households and rural electrification projects.
Klaus Gehrlicher, Chief Executive Officer of the Gehrlicher Group: “Our joint venture with the Ikhwezi Group positions Gehrlicher very well to capitalize on opportunities in southern Africa. I am looking forward to jointly identifying suitable projects for our cooperation.”
Kali Mabentsela, chairperson of the Ikhwezi Group: “This partnership has come at an excellent time. With South Africa experiencing frequent power shortages, Gehrlicher Ikhwezi (Pty) Ltd is well placed to provide green solutions to South Africa’s power challenges. Furthermore, it adds to East London becoming the ‘Renewable Energy Hub’ of southern Africa.”
The establishment of this Joint Venture is another important step in Gehrlicher’s sustainable internationalization strategy. Gehrlicher already has subsidiaries in Italy, Spain, Greece, France, India and New Jersey/USA. Further subsidiaries are to be founded in the coming months.
About Gehrlicher Solar AG
Gehrlicher Solar AG is a photovoltaic corporation which was founded in 1994 by its chairman, Klaus Gehrlicher. Gehrlicher Solar AG acts as a system integrator, planning, building, financing, maintaining and operating photovoltaic systems. In addition, Gehrlicher Solar AG acts as a wholesaler for solar modules from other manufacturers, as well as offering its own developed components, from cables to support structures. The company plans, constructs and manages photovoltaic funds or private placement facilities for investors. Gehrlicher Solar AG operates two sites in Germany – Neustadt near Coburg and Dornach near Munich – as well as subsidiaries in Italy, Spain, Greece, France, New Jersey/USA and India. The company has 350 employees worldwide.
About Ikhwezi Investment Holdings (Pty) Ltd
Ikhwezi Investment Holdings is an Eastern Cape based investment company, conceived in 1997 by black professionals and entrepreneurs looking at opportunities throughout South Africa. Ikhwezi is focused on identifying suitable business opportunities in alliance with strategic partners, in order to facilitate the transfer of skills and technology and thereby promote the growth of the South African economy. Ikhwezi would like to participate on a meaningful level that would ensure that significant gains are transferred to the previously disadvantaged, and of the synergistic benefits with other partners and opportunities to enter green field ventures. The main aim is to build Ikhwezi into one of the leading second generation empowerment groupings in the economy.
Gehrlicher Solar AG
Max-Planck-Str.3
85609 Dornach near Munich
Germany
Fon +49 89 420792-0
Contact person: Ms Sarah Wulle
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