In June 2021, Adenia Partners invested in Herholdt’s Group, a provider of electrical, lighting and renewable energy solutions to customers in South Africa and bordering countries.
With Adenia’s support, Herholdt’s solar business has become the company’s primary business line (up from 40% at the time of acquisition). The company has enabled the generation of approximately one terawatt hour (TWh) of renewable electricity since 2018, resulting in roughly one million tons of carbon dioxide equivalent emissions avoided (MTCO2e). Customers have also benefitted from lower electricity costs that are, on average, 30% to 50% cheaper than using grid power. In addition, approximately 42% of Herholdt’s Executive Committee are women, following the nomination of six female managers in 2022.