Sun Exchange invites investors to buy solar cells, a constituent part of panels, for as little as $4, at a project of their choice.
Soon after, he started the Sun Exchange, a company that crowdfunds the installation of panels, eliminating the need for customers to raise the often prohibitive amount of money needed to buy and install equipment. Sun Exchange invites investors to buy solar cells, a constituent part of panels, for as little as $4, at a project of their choice. The customers who receive the renewable energy still pay a fee over a 20-year contract, but the cost is below what would have been charged for electricity from the grid.
"The earnings generated since then equate to 23% of my initial investment. It's a genius operating model." One customer, Eric Brown, owns a remote farm in the semidesert Karoo region that isn’t connected to the grid. He's relied on diesel generators, but in September he switched to solar. He expects his power costs to fall more than 60%.
_Business Everything makes sense when you are told the ANC is in charge
_Business He’s 💯
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold Fields surges as acquisition target Yamana gets 'superior offer' | Fin24Shares of Gold Fields jumped by double digits on Friday afternoon, which came as acquisition target Yamana Gold said it had received a superior offer from Agnico Eagle Mines Limited and Pan American Silver. | News24_Business
Read more »