
Are solar vendors keeping you in the dark about the real cost of their systems?
Facing skyrocketing electricity costs and frequent power outages, a major Western Cape textiles manufacturer needed a sustainable and cost-effective energy solution. Their reliance on the grid and the instability of power supply were inflating operational expenses and disrupting production. The answer to their challenges? Solar power.
Proposed Solution
The textiles manufacturer partnered with Skywolff Energy to implement a grid-tied solar photovoltaic (PV) system. This system, featuring 1 090 solar panels and 600 kW PV inverters, was designed to generate 960 MWh of electricity annually, covering approximately 40% of the factory’s daily energy consumption. The financial model included a rent-to-own agreement with no initial deposit and a fixed annual cost increase of 6%, ensuring immediate savings.
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Return on Investment
The switch to solar power is projected to save the textiles manufacturer R249 million over 25 years. With a robust return on investment (ROI) of 34.5% per year and a levelised cost of energy (LCOE) of just R 0.62 per kWh, the financial benefits are substantial. The factory remains cashflow positive from the very first month, making this a financially sound decision.
Benefits
Cost Savings: Significant reduction in electricity costs, with indicated cumulative savings of R249 million over 25 years.
Energy Stability: A stable and predictable energy supply, reducing reliance on the grid and costly generators.
Sustainability: A greener, more sustainable energy solution that supports environmental goals.
Financial Flexibility: The rent-to-own model ensures immediate savings without the need for an initial deposit.
By embracing solar power, this major textiles manufacturer has secured a brighter, more cost-efficient, and sustainable future for their operations. This innovative solution not only addresses their current energy challenges but also positions them for long-term success.
Discover how you can achieve similar benefits and transform your energy strategy today.
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