SOLA installs, owns and operates solar PV facilities, selling solar energy to corporate clients and utilities.
Power Purchase Agreements and Financed solutions
A solar Power Purchase Agreement (PPA) allows businesses to pay off and maintain their own solar energy systems at no upfront costs, while enjoying the immediate benefit of cost savings. With our solar finance options, businesses can avoid upfront purchase and installation costs, while continuing to enjoy the benefits of clean energy, with the knowledge that they are supporting a sustainable future.
SOLA is one of the leading developers and project originators in South Africa. Since 2008 the SOLA group has led the way in the greenfield project development for large-scale solar PV farms, developing over 265 MW of solar PV projects alongside a pipeline of 750 MW worth of projects under the banner of its previous company, Aurora Power Solutions. The project development expertise developed by Aurora in its home market, South Africa, is now applied within the SOLA Group to other promising solar PV markets in Sub-Saharan Africa and beyond.
Wheeling of clean energy
Wheeling is the transfer of electrical power via a utility’s transmission or distribution system between different grid or network service areas. When it comes to solar PV, the areas where the sun is most powerful and consistent is often geographically separate from the urban hubs where electricity is required. This is one of our newest and most exciting solar financing options.
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Benefits of our solar finance options:
- Purchase clean energy without capital investment
- Diversify energy supply
- Solar energy is deployable and flexible
- Reduce risk of escalating tariffs with fixed tariff structures