Solar Fund

Solar Fund

Jun 20, 2019 0

R13.88

Wealth Cre8 has recently decided to offer crowdfunding into the solar industry. For just R13.88 you can now buy into commercial solar projects and own a share of these projects. With the problems that we are having with power supply in South Africa and the increased cost, more and more businesses need to move over to solar power. This gives us an opportunity to supply these systems to business.

Category:

Description

Wealth Cre8 has recently decided to offer crowdfunding into the solar industry. For just R13.88 you can now buy into commercial solar projects and own a share of these projects. With the problems that we are having with power supply in South Africa and the increased cost, more and more businesses need to move over to solar power. This gives us an opportunity to supply these systems to business.

How it works.
Wealth Cre8 through its partners will identify suitable solar PV systems that will provide the required return to owners. A due diligence is done and if the client passes the due diligence a Power Purchase Agreement will be signed with the client. This power purchase agreement has the terms and conditions for the client and sets out the rate and length of time that the client will buy the power for.
Wealth Cre8 will then raise the required amount of investment to fully fund the system. The client will buy the electricity from Wealth Cre8 and this will be passed onto owners as a quarterly income.
The system is broken down into watts, with 1000 watts making up a kWh. These watts are for sale.
The system will give an income for up to 25 years.

Available now.
The systems available now for purchase are a 150 000 watts in size. This will supply electricity to 3 businesses.

Financial.
Watts for sale 150 000
Cost per watt R13.88
Minimum purchase 1 watt
Maximum purchase No maximum
Total to raise R2 082 200
Income first year 12%
Escalation 7%
Total return over 10 years 168%
Income paid Quarterly
Strategic Partner Persimmon Energy – FSB registered.