THE PICTURE AND THE END OF 2021
THE PICTURE AND THE END OF 2022
Total generation capacity has increased from 1855 watts to 3717 watts. An average household is rated at 4 000 watts. The plan is to reach the target in 2023.
Started January 2022 with 15 active project. Starting January 2023 with 22 active projects and 3 projects in the pipeline
15 Projects were active for the full year. These projects generated yields ranging between 5.2% and 9.3% - only 2 projects underperformed their 2021 output
1 project is experiencing repatriation challenges from Zimbabwe, 1 project was hit by lightning in November, 1 project experienced a breakdown in December. The Lesson - DIVERSIFICATION IS KEY
Total earnings for 2022 - R4135, R0 withdrawals - all mounts reinvested
Rental Income December 2021 - R252.80, December 2022 - R579.24
WHY DO I INVEST IN SOLAR FARMING?
20 years+ Income Stream
Positive impact of renewable energy sources - offset carbon footprint
Solar investments have tax incentives
Offset my electricity bill
No access to capital - many people withdraw their capital when they hit financial trouble or feel their investments are not performing well enough or can do better elsewhere. Some withdraw to go on vacation or do home improvements. Lack of access was key to making the decision to invest here.
Hope you enjoyed this update as much as I enjoyed compiling it! Happy 2023
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