Financing offered
Absa offers a range of bespoke financing options tailored to fit your needs, while a project’s cash flow and financial requirements are taken into consideration.
Absa’s Green Asset Finance product allows for the investment into solar to link to terms of 5 to 7 years, while funding through a Renewable Energy Term Loan enables the bank to lend up to 10 years, with funding of up to 100% of the cost of the project. Importantly, we lend against the assets and its cash flows without requiring additional security, structuring the loan such that it often results in a positive impact on cash flow over time. Deciding on an installer Finding a credible solar supplier is incredibly important as this decision will impact the installation quality in terms of meeting acceptable industry standards. When deciding on your solar supplier, we suggest taking the below into account.
I can invest in Renewable Energy
The supplier should have:
An understanding of Eskom’s regulation, municipal bi-laws, and the NERSA registration process.
An established and proven track record with the technical capability, know-how and experience to install a solar photovoltaic (PV) solution to meet your energy requirement.
Service level agreements in the form of after-sales services and maintenance contracts that must be offered.
Electricians employed or subcontracted that are qualified with proof of registration (a wireman’s license).
The necessary warrantees and guarantees for the installation and the various components of the system must be provided, this includes the solar panels, inverter, battery, and the structure of the system.
As electricity prices continue to soar, Renewable Energy is increasingly becoming a viable option. If you’re considering ways of integrating it into your business, Absa’s Green Asset Finance is the answer you are looking for.
Following a site visit, the installer should be able to produce a simulationor feasibility study of the electricity production estimate for the system for a year, incorporating the average weather at the site, and advise on the size of the components needed (solar panels, inverter, and batteries) to meet consumption requirements.
It is specialised asset financing that caters for the long-term nature of solar investments. What’s more, we can also lend against the asset and related cash flows.
Invest in Renewable Energy for your business, contact us at RenewableEnergy@absa.africa.
After completion, a Certificate of Compliance (COC) must be completed and signed off by a qualified electrician and certified by a professional engineer.
We do more so you can. That’s Africanacity.
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