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SolarSaver provides customised rent-to-own rooftop solar photovoltaic solutions, with no capital investment requirement. We’re sharing news, images and video as we help businesses all around South Africa and Namibia to go green and save costs.

With electricity costs increasing, solar energy efficiency for businesses is a low-risk investment which yields substantial rewards, particularly for high day-time energy users.  Manufacturing companies like Sheffield Manufacturing in Durban are increasingly turning to solar as a way to supplement energy needs, go green and bring costs down, says Lance Green of SolarSaver, a provider of customised rooftop solar photovoltaic solutions through a unique rent-to-own model.

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KwaZulu-Natal is known for its beaches and sunshine, and local retail businesses are starting to take advantage of all those sunny days to generate their own electricity with a view to “going green” and to reducing their monthly electricity costs.  Mtuba Mall is a 17 200 square meter regional shopping centre situated 200 kilometres north of Durban. The mall’s owners have been keenly aware of the huge cost and greening benefits that could be achieved through harnessing solar energy. And now, thanks to SolarSaver, the mall is in a position to do just that. SolarSaver, a company that allows clients to install customised solar photovoltaic (PV) solution via a unique rent-to-own model, completed installation of a 1-megawatt (1MW) installation at the mall in July.  

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The SolarSaver group offers clients a unique solar rental solution that does not require them to put up any capital or financial guarantees. SolarSaver’s uniqe rent-to-own contract allows businesses to save on their monthly electricity bills through using roof and parking spaces to generate renewable solar power without any capital outlay, or the requirement to invest in the expertise to build and operate a solar installation. The concept has proven extremely popular and SolarSaver now runs the largest fleet of self-financed roof-top solar installations in Southern Africa.

Much of SolarSaver’s initial growth was in Namibia, but the group is now increasingly focused on the South African market, thanks in large part to substantial investment backing from the Pembani-Remgro Infrastructure Fund (PRIF), a US$435m private equity fund established by Phuthuma Nhleko and Johann Rupert that focuses on infrastructure and energy-related investments in Africa.

SolarSaver has completed over 100 projects in South Africa and Namibia. Installations include systems for shopping centres, service stations, hotels, hospitals and factories. Sedgeley Energy is the technical service provider to Solar Saver and is responsible for the installation, administration and maintenance of the rental portfolio.

Tim Frankish
Managing Director
SolarSaver


Tim was one of the founders of SolarSaver and is ultimately responsible for developing and implementing the unique financing structure and service offering of the SolarSaver group. Tim obtained a Master’s degree in quantitative finance from the University of Cape Town before qualifying as a Chartered Accountant with PricewaterhouseCoopers in Johannesburg. He has extensive experience in corporate finance and investment management, having worked at Bravura Capital, a boutique international corporate advisory and investment house for 10 years.  
   
   
PR contact:
Sibongiseni Ngamile
Account Manager
Connect Media
+27 (0) 79 908 2362
+27 (0)11 886 0211
sibo@connectmedia.co.za

 
PR Contact: Tamaryn Brown
Managing Director
Connect Media
+27 (0) 84 3510560
+27 (0)11 886 0211
tamaryn@connectmedia.co.za

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