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INVESTMENT APPROACH IN AFRICA
The total electricity generation of Africa is approximately 160 Gigawatts and it is estimated that by 2030, South Africa will need 85 Gigawatts of power and Africa 610 Gigawatts (International Renewable Energy Agency Report – 2015). The provision of sustainable energy attracts and promotes the industrialisation of a region or country and has a multiplier effect on its economy resulting in job creation and a reduction in poverty which is exponential – energy production being the fastest growing sector in the economy and
will need investment in order to unlock its true potential.
DEVELOPMENT
We identify areas that are suitable for the development of future projects and liaise with land owners to enter into contracts for the purpose of securing development rights for further feasibility studies. Green Energy undertakes an in depth analysis of the environmental opportunities and constraints for all potential projects. This allows for the early identification of environmental concerns that need to be addressed. If the potential impact is high, then specialist opinion is often sought to determine whether the project should continue.
Energy Resource Assessment: Accurate resource assessments are crucial to the successful development of solar and wind facilities. Green Energy’s engineers perform computational analyses and gather onsite data to identify sites with excellent energy generation potential.
Green Energy acquires all the necessary permits. Renewable energy projects span several different government departments and municipal regulations and there are numerous permits that are required. We identify significant permit or policy risks and manage these in order to execute the projects within very restrictive time frames.
Through legal consultants Green Energy provides general legal support to the Green Energy as the project interface, responsible for coordinating research and studies, site identification, permitting and environmental impact assessments, regulatory requirements, ensuring the submission of compliant bids and financially closing successful projects.
FUNDING
Raising project finance capital: Green Energy acquires the financial resources by bringing together relevant stakeholders to raise debt, equity and any other funding.
Project funding is readily available with banks having a huge appetite for projects in the rest of the continent.
IMPLEMENTATION
Green Energy is involved in selecting the land,technological components, modules, inverters, structures and materials most appropriate to a specific project, all at highly competitive rates.
The company provides a full end-to-end service package and guarantee the performance ratio of the plant.
Green Energy offers the client various configuration options and assists them in identifying the best solution. Based on previous experience they can additionally prepare all the necessary documentation to obtain project financing.
Green energy guarantees all the EPC work it performs and partners with expert local
companies to enhance the delivery from a quality and time management point of view.
OPERATIONS & MAINTANANCE
Green Energy operates and maintains all of its power plants and to selected third party owned plants. Green Energy has an industrial approach to ownership of the power plants and operation and maintenance is key to secure control and maximise performance. Green Energy guarantees the performances and delivery of the power production for the plants it builds and operates. This is to ensure the right amount of power as planned during the feasibility stage is to be delivered.
LOCAL CONTENT
Local job creation during peak construction period for the projects in key in creating jobs and local entrepreneurship. Green Energy has a policy to employ and train young artisans in all the projects it builds. As a proud organisation headquartered in South Africa and with African interests, Green Energy aims to invests in its communities and works to establish a foundation for success and longstanding sustainability. Green Energy envisions this to be in the form of: skills training, access to reliable energy, education, health care and increased infrastructure and enterprise development.
VALUE CREATION
The three solar plants in will generate over 400 million kWh of electricity annually to serve the needs of about 200,000 households. These projects are a minimum 20 year power purchase arrangements. These are assets being created to benefit all our shareholders and investors.
Geer Energy aims to deliver value to its investors financially and to stakeholders and community through job creation and economic developments. African economies are growing at a faster rate and so are the needs to create jobs.
PARTNERSHIPS
Highly experienced solar power producer (IPP) - With a focus on new and emerging markets. We possess broad international experience from successful development of more than 300 MW of solar PV plants across in Africa continents, “One-stop shop” partner – With a flexible integrated business model Green Energy incorporates all aspects required to bring solar power to the market; business and project development, financing, construction, ownership and operations of solar power plants. This also makes the company independent of equipment supplier.
Financial track-record and unique partnership - Solid track record of raising more funding for projects in non-recourse finance through strategic partnerships with global, regional and DFI financiers.
A proven early mover – Green Energy has repeatedly demonstrated unique abilities as an early mover in new emerging markets. E.g: South Africa.Malawi .Swaziland .
Namibia and Botswana.
BENEFITS TO STAKEHOLDERS
Some of the key benefits are as follows; Social responsibility – We develop partnerships for improving the future of local communities close to our solar plants in the countries we operate.
Local content – Promote value creation and facilitate transfer of know-how by working with local suppliers and contractors, as well as hiring and training local workforces for execution and operation and maintenance.
Carbon finance – Successfully looking at registering a CDM Programme of Activities (PoA) with the aim of securing additional revenues from carbon reductions from all eligible projects.
OUR MARKET FOCUS
Traditionally reliant on hydropower, the continent is increasingly turning to solar hotovoltaics (PV) to bolster energy security and support rapid economic growth in a sustainable manner. Solar PV module prices have fallen by 80% since the end of 2009, and PV increasingly offers an economic solution for new electricity generation and for meeting energy service demands, both on- and off-grid.
New capacity additions of solar PV in Africa in 2014 exceeded 800 MW, more than doubling the continent’s cumulative installed PV capacity. This was followed by additions of 750 MW in 2015. By 2030, there is a predicted doubling of the share of renewable energy globally. Africa could be home to more than 70 GW of solar PV capacity. Green Energy’s focus is on South Africa, Southern Africa and Africa as a whole.