Rising tariffs drive the business case for solar, but power cut reprieve hurts sales.
The good news that load shedding has now stayed away for more than three months is bad news for the solar industry. Although households and businesses still have the appetite to free themselves from Eskom, the urgency is gone, and this could impact thousands of solar installers nationwide whose cash flow depends on the onetime payments when they do an installation.
Jonty Sacks, partner at Jaltech, which has installed solar panels on the rooftops of 160 retailers and factories over the past year and sells the power to the businesses on the premises, said the company that entered the market about a year ago.
It raised about R750 million from retail investors to finance solar power installations. For example, it would enter into an agreement with a supermarket to use its roof space to generate solar power, which the supermarket would then buy from it at a fraction of the Eskom price.
Independent installers install the solar panel system.
Jaltech owns the installation, and the retailer does not have to worry about the technical aspects and maintenance.
Diese Geschichte stammt aus der July 24, 2024-Ausgabe von The Citizen.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der July 24, 2024-Ausgabe von The Citizen.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
US blamed for expo row
Analysts warn exclusion could have dire consequences for SA down the line.
4900 visas for critical skills jobs
South Africa has a list of almost 150 jobs considered by the department of employment and labour (DEL) to be in short supply.
Nsfas to decentralise
Department welcomes move, plans to set up regional, satellite offices.
Lawsuits cost health billions
Investigations stop R3 billion in fraudulent claims, parliament hears.
City face Inter reunion
Manchester City are braced for their Champions League reunion with Inter Milan at the start of an expanded tournament that will be \"so tough\" for the 2023 winners.
League Cup no inconvenience
Manchester United manager Erik ten Hag insisted he still believed English football's League Cup remained a \"significant\" competition.
State of rates in Africa
Africa’s largest economies to make changes for first time in years.
RAF not about to 'implode'
»» Improvements not sustainable without legislative changes, says Letsoalo.
Can Superbalist grow?
Shein overtakes the SA retailer, while Bash is different kind of threat.
Crochet gets sex appeal
100% cotton yarn garments do not loose shape ina cold wash.