Econet Wireless Zimbabwe (Econet) has announced plans to adopt clean energy solutions by setting up a solar photovoltaic (PV) power plant at its premises in Willowvale for own consumption.
According to the NewsdzeZimbabwe, the Zimbabwe Energy Regulatory Authority (Zera) confirmed that the telecoms company has applied to construct a 0,45MW rooftop PV power plant. Read more…
This comes as the country has been experiencing power outages due to low electricity production resulting in companies ratcheting up overhead costs by using diesel generators.
The company previously explained through its renewable energy subsidiary, Distributed Power Africa (DPA), that the installation of the solar infrastructure is in line with its objective of meeting the Sustainable Development Goals and reducing their carbon footprint.
It is reported that DPA is currently offering solar solutions to businesses and with regards to residential it stated that it has been pitching to local property developers before extending the facility to individuals.
Clean energy lease agreement
DPA business development executive Joseph Kuhudzai said: “In terms of how it’s structured, it’s on a lease financing basis where the customer, it’s currently business-to-business, does not have to pay any up-front costs for installation.”
Kuhudzai further expplained: “So they pay as if they are paying your normal electricity rates on a lease basis over a period from 10 years pus. We truly want to make going solar zero risk, zero investment decision.”
He concluded: “We make sure that you maximise your and our investment. We are not in the game to make a quick margin on the sale, but want to share the upside with you over the period of the contract.”
Featured image: Stock