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7 Min Read JOHANNESBURG (Thomson Reuters Foundation) - When property developer Anver Essop bought land in Cape Town’s gang-ridden Cape Flats area, people laughed at him for considering it an investment. Now, 12 years later, the Watergate Estate is a sought-after refuge that will soon be donned with solar panels funded through an online leasing platform, making it, Essop hopes, a “blueprint” for green, safe and cheap homes across South Africa. The marketplace, Sun Exchange, allows people to buy individual solar cells with cash or bitcoin and then lease them to power solar projects in eme...

Cape Flats housing estate pioneers solar via online leasing platform Crypto power: Can solar panels boost cheap, green homes in SA? 22 April 2021 - 08:15 By Kim Harrisberg People anywhere in the world can buy individual solar cells with cash or bitcoin and then lease them to power solar projects in emerging economies, resulting in lower electricity costs for residents. Image: 123RF/PETKOV When property developer Anver Essop bought land in Cape Town's gang-ridden Cape Flats area, people laughed at him for considering it an investment. Now, 12 years later, the Wate...

When property developer Anver Essop bought land in Cape Town’s gang-ridden Cape Flats area, people laughed at him for considering it an investment. Now, 12 years later, the Watergate Estate is a sought-after refuge that will soon be donned with solar panels funded through an online leasing platform, making it, Essop hopes, a “blueprint” for green, safe and cheap homes across South Africa. The marketplace, Sun Exchange, allows people to buy individual solar cells with cash or bitcoin and then lease them to power solar projects in emerging economies, resulting in lower electricity costs f...