Case study: Renewable energy financing solutions

A power producer needed financing and payment solutions to import solar panels for a large supermarket chain that wanted to reduce electricity costs.

Our client had been awarded a tender for a power purchase agreement to install solar panels across a large supermarket’s chain stores and depots
The supermarket chain was facing increased electricity costs and a reliance on expensive diesel generators, the company therefore wanted alternative energy solutions to be implemented across the stores and distribution centres, including solar panels and energy efficient solutions instore
To meet the supermarket’s needs the power producer required financing of the solar panels and international payment solutions to import these panels from overseas

Our renewable energy technical experts visited the various sites to assess the technology, the market and the capacity of the off-taker
Based on our assessment, we were able to provide asset financing to our client for the solar panels
We were also able to provide international payment solutions to assist with purchasing of the solar panels from overseas
Foreign exchange volatility was hedged through securing a competitive forward foreign exchange rate to convert the rand to foreign currency