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Middle EastSouth African start-up raises $1.4 million in crowd sale of Zimbabwe solar project Reuters 2 minutes read South African energy start-up Sun Exchange raised $1.4 million in a crowd sale of solar cells of a 1.9 megawatt (MW) solar and battery storage facility at Zimbabwe's Nhimbe Fresh farm, the firm said on Wednesday. Investors were invited to purchase individual solar cells in the project. In exchange, they will earn a rental income in cryptocurrency from the electricity generated. Sun Exchange said the crowd sale attracted more than 1,700 individuals buyers. Nhimbe Fresh is one of...

iAfrica 1 week ago 1 min read Share with your network! South African startup Sun Exchange has completed the crowd sale for a 510 kilowatt solar-plus-storage installation to solar power packhouse and cold store facilities for Zimbabwean agriculture leader Nhimbe Fresh, with approximately US$1.4 million of solar cells purchased by over 1,700 individuals across 98 countries. Launched in 2015, Sun Exchange is a peer-to-peer solar leasing platform that enables anyone, anywhere in the world, to b...

By Reuters Staff 2 Min Read JOHANNESBURG (Reuters) - South African energy start-up Sun Exchange raised $1.4 million in a crowd sale of solar cells of a 1.9 megawatt (MW) solar and battery storage facility at Zimbabwe’s Nhimbe Fresh farm, the firm said on Wednesday. Investors were invited to purchase individual solar cells in the project. In exchange, they will earn a rental income in cryptocurrency from the electricity generated. Sun Exchange said the crowd sale attracted more than 1,700 individuals buyers. Nhimbe Fresh is one of Zimbabwe’s biggest fruit and tobacco producers. The solar p...

Africa’s renewable energy projects to shine more light in 2021 17 Africa’s renewable energy projects to shine more light in 2021 IF you are looking for the way the wind is blowing and the sun is shining, turn to Egypt’s Benban solar park. The huge project, which will have the capacity to produce 1.8GW on completion, is proposing to sell surplus electricity at a tenth of the price of legacy power generators in Europe. Talks are underway to build power connections to Europe and elsewhere in Africa. Other big solar plants in the pipeline are likely to be delayed by the economic uncertainty...

Peer-to-peer leased solar for African schools Abe Cambridge, chief executive and founder of solar cell-level, crowdfunding-based PV leasing business The Sun Exchange has spoken to pv magazine about the company's project pipeline and its focus on bringing affordable clean power to schools.Cape Town-based solar leasing company The Sun Exchange uses crowdfunding-based finance on a pico scale that can be as small as individual solar cells to drive PV installations for schools, businesses and other organizations in the developing world. CEO and founder Abe Cambridge spoke to pv magazine about the ...