Sun Exchange, the solar leasing platform, announces a major development: a crypto investor funds a sizable solar project with Bitcoin, delivering clean energy to Pretoria Boys’ High School.This individual has utilized the Sun Exchange platform to procure 98% of all solar cells within the project. This not only allows them to earn income for the next two decades from the generated clean energy but also facilitates the school in acquiring solar power without any initial capital expenditure.
Saul Wainwright, CEO of Sun Exchange, remarked, “As the tangible impacts of climate change continue to materialize globally, it’s imperative that we expedite the scaling of solutions that address the solar finance gap for smaller projects in emerging markets, while concurrently tackling the energy crisis.
The organizations benefiting from solar power pay solely for the energy they consume. Owners choose Bitcoin or Rand for income, deposited into an online wallet by the platform from solar cell earnings.Expressing their enthusiasm, an anonymous investor stated, “The convergence of solar energy and blockchain represents two of the most transformative technologies of our era. When I stumbled upon this solar project, designed to power my alma mater, I was both captivated and exhilarated.
Pretoria Boys’ High School, established in 1901, is a distinguished institution providing top-tier education to over 1,500 students. Notable alumni: Rhodes scholars, judges, archbishops, Damon Galgut , Elon Musk, Mark Fish , Max Theiler .