Maia Capital Provides R150 Million Funding to Accelerate South Africa’s Commercial Renewable Energy Growth

Maia Capital Provides R150 Million Funding to Accelerate South Africa’s Commercial Renewable Energy Growth

July 2, 2026
By Mintesinot Nigussie

Maia Capital Partners has provided R150 million in mezzanine debt financing to Nesa Power Group, a South African commercial and industrial renewable energy company, to expand its solar and energy storage portfolio.

The funding will be used as growth capital to support Nesa’s acquisition of solar photovoltaic (PV) sites and expansion of its long-term power purchase agreement (PPA) portfolio, as businesses increasingly turn to private energy solutions amid pressure to secure reliable power supplies.

Nesa provides integrated renewable energy services, including on-site and off-site solar generation, battery storage and energy management solutions designed to reduce electricity costs and carbon emissions for commercial and industrial customers.

Since its establishment, Nesa has developed more than 46 megawatt-peak of solar PV generation capacity and 6.5 megawatt-hours of battery storage. The company has also raised more than R400 million through managed funds that have invested in and currently operate over 70 commercial and industrial solar assets under PPAs.

The company has expanded beyond project development into a full-service renewable energy provider, offering engineering, procurement and construction management, financing, operations and maintenance services, as well as carbon credit development.

Tshandu Ramusetheli, Chief Executive Officer of Maia Capital, said the investment supports the firm’s objective of deploying private capital towards energy security and economic development.

"Providing clean, affordable energy to South African businesses is one of our key impact and investment objectives, and it directly supports the government's ambition to strengthen the country's energy security through expanded private sector generation," he said.

Percy Ying, Co-Founder and Group Chief Investment Officer of Nesa Power, said the partnership would strengthen the company’s ability to expand its renewable energy portfolio and support job creation.

Mike Bleyenheuft, Co-Founder and Chief Executive Officer of Nesa Power, said the investment comes as South Africa’s private renewable energy market continues to expand, with the sector expected to surpass R200 billion by 2030.

Source: FSX Business News