PODCAST | Wetility’s solar growth in a non-loadshedding SA
Mudiwa Gavaza is joined by Ikenna Oguguo, co-founder and chief product officer of Wetility
27 June 2025 - 13:12
by Mudiwa Gavaza
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
Ikenna Oguguo. Co-founder and chief product officer of Wetility. Picture: SUPPLIED.
The growing trend towards smarter energy consumption in SA is the focus of this edition of Business Day Spotlight.
Host Mudiwa Gavaza is joined by Ikenna Oguguo, co-founder and chief product officer of Wetility.
Wetility is a solar solutions provider. Its offering includes hybrid inverters, battery systems and solar panels for homes and businesses. The company also offers various financing options to suit what the consumer can afford.
In recent years, solar companies have done well as a result of the unreliable power delivery by Eskom and its rolling blackouts in 2022, 2023 and the start of 2024. With power now more secure, solar players such as Wetility have relied more on helping consumers and businesses to track and manage power consumption.
Join the discussion:
Oguguo outlines how the group has stayed relevant through these various shifts. He explains the company’s approach to bringing new products to market and trends in the local energy sector.
Over the years, the company has attracted much attention from investors looking to back its business model, some with equity and other with debt.
Wetility raised R930m through a Series A funding round in 2023 from a consortium that included Metier Sustainable Capital II, Sanlam, and the Industrial Development Corporation (IDC).
The solar company has also been backed by pay TV operator MultiChoice. It recently secured a R500m structured capital partnership with Jaltech, a local funder of solar energy projects.
The funds are earmarked to fund solar and battery systems as Wetility is pushing to add more than 16MW of solar capacity to the national distributed energy footprint, and avoid more than 250,000 tonnes of CO₂ emissions.
Through the discussion, Oguguo outlines Wetility’s business model evolution; shifts in consumer energy consumption; working through a partner ecosystem; funding the business; and an outlook for the future.
Business Day Spotlight is a MultimediaLIVE Production.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
BUSINESS DAY SPOTLIGHT
PODCAST | Wetility’s solar growth in a non-loadshedding SA
Mudiwa Gavaza is joined by Ikenna Oguguo, co-founder and chief product officer of Wetility
The growing trend towards smarter energy consumption in SA is the focus of this edition of Business Day Spotlight.
Host Mudiwa Gavaza is joined by Ikenna Oguguo, co-founder and chief product officer of Wetility.
Wetility is a solar solutions provider. Its offering includes hybrid inverters, battery systems and solar panels for homes and businesses. The company also offers various financing options to suit what the consumer can afford.
In recent years, solar companies have done well as a result of the unreliable power delivery by Eskom and its rolling blackouts in 2022, 2023 and the start of 2024. With power now more secure, solar players such as Wetility have relied more on helping consumers and businesses to track and manage power consumption.
Join the discussion:
Oguguo outlines how the group has stayed relevant through these various shifts. He explains the company’s approach to bringing new products to market and trends in the local energy sector.
Over the years, the company has attracted much attention from investors looking to back its business model, some with equity and other with debt.
Wetility raised R930m through a Series A funding round in 2023 from a consortium that included Metier Sustainable Capital II, Sanlam, and the Industrial Development Corporation (IDC).
The solar company has also been backed by pay TV operator MultiChoice. It recently secured a R500m structured capital partnership with Jaltech, a local funder of solar energy projects.
The funds are earmarked to fund solar and battery systems as Wetility is pushing to add more than 16MW of solar capacity to the national distributed energy footprint, and avoid more than 250,000 tonnes of CO₂ emissions.
Through the discussion, Oguguo outlines Wetility’s business model evolution; shifts in consumer energy consumption; working through a partner ecosystem; funding the business; and an outlook for the future.
Business Day Spotlight is a MultimediaLIVE Production.
Subscribe for free: Simplecast | Spotify | Apple Podcasts
MORE PODCASTS:
PODCAST | Fabricio Bloisi on Naspers European expansion and AI
PODCAST | TransUnion Africa boss discusses new credit score partnership with MTN
PODCAST | The economic realities of SA’s youth, Standard Bank reports
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Most Read
Related Articles
Renergen taps global, local expertise in second phase of gas and helium project
Glencore’s Astron in R2.7bn tax brawl with Sars
WATCH: Discussing SA’s gas supply crisis
Sasol soars as Middle East turmoil lifts oil prices
PIC leads investment in SA-H2 fund to boost green hydrogen projects
Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.