HomeIndustry SectorsFinance and PolicySA school goes solar through global funding platform

SA school goes solar through global funding platform

Cape Town-based solar micro-leasing firm, today announced it will solar power several Western Cape Education Department schools. The first school in the series will be Protea Heights Academy in Cape Town, South Africa.

With immediate savings on their energy bills from the first day the solar project is operational, the schools are not required to pay upfront or on-going operational costs.

This model provides an opportunity for people across the globe to own and lease solar cells to innovative, future-minded and sustainability-oriented schools like Protea Heights Academy. Read: Op-Ed: Crowdfunding, an untapped funding resource for renewables

Through Sun Exchange, practically anyone, anywhere in the world can purchase solar cells, which are then installed on the roof of schools and other organisations in developing regions. Solar cell owners earn an income stream from the electricity generated, while schools gain access to affordable clean energy for years to come.

Protea Heights Academy, a school of the Western Cape Department of Education, specialises in maths, sciences and technology. A hub for e-learning and advanced learning, the school already has a formidable reputation for excellence and futuristic, critical thinking in preparation for the fourth industrial revolution.

“Our school is a place where learners are empowered to compete globally and solve global problems,” said Wendy Horn, Principal of Protea Heights Academy. “With our focus on technology and innovation, it is a natural progression to transition the school away from fossil fuels.”

“The solar project support the school’s goal to produce global citizens who embrace the United Nations Sustainable Development goals. Having the world come to our school, through investment, is a massive achievement. Sun Exchange and its members are helping us make that transition, by making solar accessible and affordable,” says Horn.

Beverley Schäfer, Minister of Economic Opportunities for the Western Cape stated: “The province is committed to growing our green economy, and to transitioning our province, including our schools, away from coal-based, centralised electricity generation. By investing in technologies that build our resilience as a province, we are future-proofing our schools against rising energy prices.”