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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.
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Eskom, the supplier of 95% of South Africa’s electricity, has just appointed its eleventh CEO in the last ten years, has R450 billion of debt and is surviving on state bailouts. Power shortages and policy uncertainty remain a continued threat to business and economic growth, and it remains to be seen how new Eskom CEO Andre de Ruyter can work with the government to stabilise the energy provider. One thing is certain, power will not be getting any cheaper. Solar has now become viable, if not essential, option for business as capital investment costs decrease and solar providers compete to offer solutions.

Power shortages, rolling black-outs, policy uncertainty and electricity price hikes are pushing business owners to look for alternative solutions to Eskom. Sunshine is a resource Southern Africa has in abundance, making solar an obvious solution, and many solar installers have sprung up in response to demand. However, business owners need to consider both capital investment and the cost of ongoing maintenance and cleaning when selecting a long-term solution, says Lance Green of energy company SolarSaver.     

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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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