Protea Heights Academy Solar Project

Sun Exchange is now solar powering Protea Heights Academy (PHA) in sunny Cape Town. Purchase solar cells in this project to earn rental income from the electricity your cells produce. Cut the schools energy bills AND show the next generation how energy ought to be sourced. The Protea Heights community is very proud of a school that was a dream for many years. After construction started in 2013, the community watched with great excitement as first the building and then the staff and learners grew. After only one year of operation, PHA has a formidable reputation of excellence. A natural progression is to transition the school away from a national grid which relies heavily on coal, towards clean solar energy. The mission of PHA is to provide a rigorous and technologically enhanced curriculum; inspire creative, critical and analytical thinking, to prepare learners to be productive and successful citizens with higher-level critical thinking skills needed to solve problems in the real world. The installation of solar is perfectly suited to this ethos and will be used to support their curriculum. The school has modern facilities and educational technology, which positions it well to be a hub for e-learning and advanced teaching in Maths and Science and to empower its learners for global competitiveness.

Visit the project webpage:

The Sun Exchange

The Sun Exchange is a marketplace that enables its members to purchase and then lease solar cells to schools, businesses and communities in the sunniest locations on earth. The Sun Exchange hosts solar project crowd sales, each with thousands of optimally-located solar cells available for under $10 unit price. Already, solar cell owners in over 90 countries are earning income directly from their solar assets while benefiting the environment, and they are tracking their solar cells’ real-time performance on the Sun Exchange platform. Solar cells purchased through the Sun Exchange are leased to hospitals, factories, schools and other end-users under 20-year contracts, with pricing that tracks changes in local energy prices and inflation. Energy consumers at the solar projects benefit from affordable electricity for no upfront cost, and pay for the solar electricity consumed to replace power from grid connections, diesel generators, and other dirty energy sources. Sun Exchange’s global appeal is enhanced by its acceptance of bitcoin as a payment currency for solar cells, and distribution of fiat-based solar lease rental in bitcoin. Bitcoin payments are now implemented in all of Sun Exchange’s four operating projects in South Africa. Looking forward Sun Exchange will complete development of Ethereum-based applications to decentralize and automate solar project payments, servicing, governance, and performance reporting. Sun Exchange evaluates each proposed solar PV project prior to its sale, but only arranges construction after all the solar cells have been sold. Sun Exchange services include solar project co-design with Engineering, Procurement and Construction (EPC) firms, generation of the solar equipment leases and related legal contracts, and solar energy lease rental collection and distribution over each lease contract term.

Visit the webpage:


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GALLERY

72
Days Left
Technology

SOLAR

Power Capacity

37kW

Exp. Energy Generation

51 kWh

Investment

Participation Type

Loan

Crowd Investment Target

40

Total Investment

40

Duration

Start Date

2019/04/10

Close Date

2019/05/10

Location

Cape Town

Status

active

Languages

EN

ABOUT PROMOTER
The Sun Exchange

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