Neosun Energy, a global EPC company, has secured a significant contract for a 1 MW commercial solar installation in South Africa. The project, which will be installed on the rooftop of Dayizenza Mall in Nelspruit, Mpumalanga, involves the design and construction of a grid-tied solar PV plant with a total capacity of 998 kWp.
According to Jeanine Jackson, Head of Sales for NEOSUN South Africa, the solar power plant is projected to deliver monthly electricity savings exceeding 50-60% over its lifetime. This will contribute to both environmental and financial benefits for the mall, as well as demonstrate its commitment to reducing its environmental impact and supporting the transition to clean energy solutions.
The project’s financial viability is strong, with an internal rate of return (IRR) of 53% and a payback period of just 12 months, largely due to the Section 12B government tax incentive. The cumulative savings are estimated to exceed R164 million over the plant’s lifespan, making it a highly cost-effective renewable energy investment.
The project is expected to reduce 25,807 tons of CO2 emissions, further establishing the mall as a leader in promoting sustainable practices within the Nelspruit region.
Jeanine Jackson emphasized that this project serves as a model for other South African businesses, highlighting the financial and environmental advantages of renewable energy solutions.
Neosun Energy has recently opened new branches in CapeTown and Johannesburg to be closer to local customers. For local businesses in South Africa, solar energy represents a significant cost-saving opportunity, being the cheapest form of energy generation. The payback period for solar projects is generally less than two years in most sunny regions, leading to pure profit by the third year. This makes solar energy a strategic move to increase profitability and attractiveness to investors and businesses.
Ilya Likhov, CEO of Neosun Energy, highlighted that the company’s expansion into the South African market comes at a critical time as businesses in the region face heightened energy access issues due to load shedding and soaring electricity and fossil fuel costs. Thousands of enterprises in South Africa are unable to fulfill business operations and are bearing financial losses due to the limited access to the grid.
Neosun Energy’s entrance into the South African market brings a promising opportunity for local businesses to tackle the energy crisis effectively. The company’s advanced solar solutions will help South African businesses and local companies save on electricity costs, become more efficient, and enhance their profitability.
About Neosun Energy
is an international Solar EPC company that provides Commercial Solar PV & Energy Storage Solutions (ESS) with capacity from 200kW to 10MW for Commercial and Industrial projects Worldwide. The company constructs solar power plants and energy storage systems (ESS) on a turn-key basis, covering all stages of construction including design, equipment supply, construction, and commissioning. The company has implemented solar PV projects in 16 countries worldwide.
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Source :Neosun ENergy