Kenya-headquartered Solarise Africa, a pan-African sustainable energy solutions company, has secured an additional ZAR 60 million from Mergence Investment Managers. The mezzanine facility, structured via preference shares, was advised by PSG Capital. It follows a ZAR 160 million investment closed in the previous year. The new funding is dedicated to rolling out solar PV and hybrid systems for C&I clients. These systems are aimed at reducing energy costs and improving supply reliability for businesses. The facility included only mezzanine capital, as senior debt was refinanced earlier. Solarise Africa has targeted 28 MW of installed capacity in South Africa by year-end. It also aims to reach 200 MW across Africa by 2030. Mergence said the investment reflected confidence in the C&I sector’s stability and Solarise Africa’s strategy. The company continues expanding its commercial renewable energy portfolio across the continent.