A historic farm which claims to be South Africa‘s oldest wine property goes photo voltaic with the assistance of a crowdfunding sale.
The 337-year-old Groot Constantia farm, within the Constantia suburb of Cape City, is making an attempt to boost the funds for a 165 kW photo voltaic system to energy its winemaking and restaurant operations.
Fellow Cape City enterprise Solar Alternate is operating the crowdsale, underneath a enterprise mannequin which allows buyers to fund particular person photo voltaic cells, at a price of ZAR 64 ($3.80) every.
As soon as all 43,448 cells are funded, the system will likely be put in and the farm pays for the photo voltaic electrical energy generated at lower than the wholesale worth, giving Solar Alternate buyers a 20-year income stream.
An replace offered by Solar Alternate this week indicated 633 buyers from 61 international locations had backed the crowdsale by investing a complete of greater than ZAR 2 million in 72% of the photo voltaic cells out there.
At ZAR 64 per cell, the photo voltaic system will price a complete ZAR 2.78 million.
Solar Alternate stated final week its initiatives have generated greater than 12 GWh of photo voltaic electrical energy thus far and have attracted buyers from 180 international locations.