Solar MD, a leading energy storage company, has officially inaugurated its state-of-the-art gigawatt factory in Cape Town, South Africa. This landmark facility, operational since July 2024, is capable of producing up to 3GWh of energy storage annually.
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The 15,000-square-meter plant is a significant milestone for Africa’s renewable energy sector. It will play a crucial role in addressing the continent’s energy challenges and accelerating the transition to clean energy.
“This investment aligns with our vision of powering Africa and empowering communities,” said Kaloyan Dimov, CEO and founder of Solar MD. “By producing high-quality energy storage solutions locally, we can contribute to a more sustainable and resilient energy future for the continent.”
The Western Cape government has welcomed this investment, recognizing its potential to drive economic growth and job creation. The new facility is expected to contribute to the region’s goal of achieving a R1 trillion economy by 2025.
Solar MD’s expanded production capacity will enable it to meet the growing demand for energy storage solutions in both domestic and international markets. The company’s commitment to innovation and sustainability positions it as a key player in the global energy transition.
