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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.



New Lynnwood Lane Retail Centre now powered by the sun

Inland malls benefit from free solar installations

The new Lynnwood Lane Retail Centre, a retail development from Lynx Property Developers on Lynnwood Road, Pretoria, is now powered by solar energy. The centre, which includes tenants such as Food Lover’s Market, Nando’s, Westpack Lifestyle and Dischem Pharmacies, has joined a group of forward-thinking retail centres around the country that are harnessing solar energy to limit their environmental footprint and reduce high electricity costs.  A solar photovoltaic system was installed by solar solutions company SolarSaver over 31 days during the construction of the shopping centre. “On the roof, you’ll find 872 solar panels that will produce 1 364 kWh of energy for 22 shops at the centre,” says Lance Green of SolarSaver. “This will go a long way to supplementing the 7 507 kWh of power the retail centre needs to operate on a daily basis.”

Thanks to investment from the Pembani-Remgro group, SolarSaver is able to offer a unique rent-to-own model and installed the full system at zero capital cost for Lynx Property Developers. SolarSaver clients only pay for the cheaper, greener power the system generates, which is fed directly into energy supplies via the grid.  Dirk Nel, Director of Lynx Property Developers, says, “Solar has previously been expensive to install and set-up. This way, our developments can immediately benefit from greener energy, without the capital outlay. With the price of SolarSaver electricity only increasing in line with CIPC costs, we’re less exposed to Eskom’s rising tariffs and we can pass this benefit on to tenants.”

SolarSaver also takes care of vital ongoing cleaning and maintenance of the system, monitoring output and ensuring that the panels operate at peak performance. According to Green, Gauteng-based businesses require more frequent cleaning than coastal businesses due to dusty conditions and pollution.  “While photovoltaic hardware systems are long-lasting, the panels must be kept clean to ensure that the system operates at full capacity,” says Green. “It’s in our interest to ensure that these systems are producing the maximum power possible and cleaning can be expensive. The fact that we take care of all monitoring, cleaning, and maintenance is proving to be a huge advantage for clients.”
 
Lynnwood Lane tenants like Spar Tops are very happy to benefit from reduced costs and greener energy. A number of other Spars in shopping centres, including Tiffany’s in Ballito and Shelly Boulevard on the South Coast, also benefit from the same SolarSaver solution. “It takes the hassle and capital cost out of solar installations and is a great benefit to store owners and landlords alike,” says Green.  

While the grid-tied systems do not currently provide power during load-shedding, SolarSaver aims to take most clients off-grid in the future as battery costs come down. “From a business perspective,  retailers have the immediate cost-saving benefit of harnessing solar energy, as well as the benefit of having a solar power supply infrastructure with the potential of going off-grid in the future.”

SolarSaver has completed over 150 installations and now manages the largest fleet of self-financed rooftop installations in Southern Africa, largely in Namibia, with clients from fuel stations to manufacturing businesses to large shopping centres.

(ENDS)


About SolarSaver
SolarSaver provides customised rooftop solar photovoltaic solutions to corporate and industrial customers in Namibia and South Africa through its proprietary zero-capital financing model. Solar Saver uses a rent-to-own contract to allow businesses to save on their monthly electricity bills by allowing them to utilise their unproductive 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.SolarSaver has completed over 150 projects in South Africa and Namibia, the majority of which are managed in terms of rent-to-own contracts. 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.

Media contact:
Sibongiseni Ngamile
Connect Transmedia
+27 (0) 79 908 2362
t: +27 (0)11 886 0211| e: sibo@connectmedia.co.za  

 

 



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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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