During the period under review, the Company recorded revenues of USD 2.53 million. Whilst this was below our expectations for the year, attributed to the above mentioned challenges, we achieved good
We recorded a revenue of US$ 547.7 million, a 43% increase compared to 2023, driven by growth in regional and local power sales. While revenue grew significantly, our profit of US$ 96.9 million was 30%
Our two generating assets, the 60 MW Itimpi and the 34 MW Riverside Solar Plants, achieved exceptional performance with a high availability rate of 99.9%. They collectively generated 80.75 GWh in the
Being new, the Itimpi Solar plant has adopted latest technology, substantially improving on the power generation and financial capacity of CEC Renewables.
In this regard, in the first quarter of 2024, we successfully commissioned the 60MW Itimpi I Solar PV Plant and issued the second tranche of our USD200 million Green Bond, equivalent to USD96.7 million in
CEC Renewables (CEC-R) continued to spearhead the CEC Group renewable energy agenda, making significant strides toward attaining it''s target of over 200 MW of solar PV generation capacity by 2027.
According to the half-year 2025 financial results, CEC Renewables also saw its profit grow by 236% compared to the same period last year, largely attributable to a higher revenue base and interest
We recorded a revenue of US$ 547.7 million, a 43% increase compared to 2023, driven by growth in regional and local power sales. While revenue grew significantly, our profit of US$ 96.9 million was 30%
Profit after tax grew by 399% to USD 1.082 million (2023: USD 0.217 million). The Company paid out interest coupons of USD 5.181 million on the Green Bond for the year underscoring our commitment to
A key milestone was the successful commissioning of the 60 MW Itimpi Phase 1 Solar PV Plant in April 2024, which generated 95.3 GWh of renewable energy during the year.
PEES Power Systems is a leading provider of advanced energy solutions in South Africa and Africa. We specialize in microgrid systems, solar photovoltaic (PV) power generation, BESS (battery energy storage systems), grid‑tied / hybrid / off‑grid inverters, PCS power conversion systems, EMS energy management systems, BMS battery management systems, lithium‑ion & LiFePO4 batteries, and modular energy storage systems. Our portfolio also includes energy storage containers, energy storage cabinets, containerised power stations, off‑grid power supply systems, backup emergency power, clean energy solutions, new energy storage systems, and green power systems. We offer battery cabinets with integrated BMS, outdoor all‑in‑one storage cabinets, commercial & industrial storage, communication battery cabinets, server racks, and transformer capacity expansion services. Whether you need a small off‑grid system or a zero‑carbon factory solution, our products deliver reliability and performance.
Our modular energy storage solutions range from 20ft/40ft mobile containers to outdoor all‑in‑one energy storage cabinets. We are a leading manufacturer of battery cabinets with BMS, offering communication battery cabinets for telecom, server racks for data centers, and energy storage battery BMS systems. We utilize lithium‑ion energy storage batteries and LiFePO4 batteries for optimal safety and lifecycle. Our stackable design allows flexible capacity expansion, while our grid‑forming technology ensures stable microgrid operation. Whether for distributed PV systems, off‑grid power supply, backup emergency power, or large zero‑carbon parks, our products feature advanced thermal management, PCS and EMS integration, and compliance with South African and international standards. We also provide professional energy storage system installation and after‑sales support, and we help clients navigate energy storage subsidies where applicable.