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AIM:NCCLFRA:9NE
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Ncondezi Energy announce solar power and battery storage joint venture to become 'leading player'

Ncondezi Energy Ltd (LON:NCCL) chief executive Hanno Pengilly talks to Proactive London's Sarah Lowther after signing a term sheet with binding exclusivity with Nesa Capital (Pty) Ltd and Nesa Engineering (Pty) Ltd.

The deal proposes a new joint venture company to create a leading regional Southern African champion in the commercial and industrial renewable energy and storage sector.

Pengilly says the purpose of the deal is continuing on from their strategy to become a 'leading energy player in what we believe to be a very exciting sector in the renewable energy space'.

Quick facts: Ncondezi Energy Ltd

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AIM:NCCL

Price: 1.59 GBX

Market Cap: £6.53 m

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