Solwana go out and find schools and businesses that want to make the change to solar energy but cannot afford to do it on their own. Before opening up the project for investing, we work to make sure the project is viable over the long term
At the start of a project, we will run a crowdsale through Indiegogo, where investors can buy individual solar cells. These will provide investors with an opportunity to reduce their carbon footprint and make a profitable return on their investment over the duration of the project which will be twenty years.
Once all the cells in a project have been sold, Solwana arrange for the solar panels to be installed, and the school or business then leases the panels in return for sustainable, lower cost energy. Once the solar panels start generating power, investors start earning an income.
We ensure these local businesses are paying less for solar power than they would for regular electricity, while ensuring the equipment is maintained and insured throughout the project.
Botswana currently imports roughly half of its electricity (c. US$80 million) from neighbouring countries, when it could be generating its own through solar power. Through Solwana, you will help local businesses not only reduce their carbon footprint and use cleaner energy, but will also be driving money back into the local economy.
AFTER THE PROJECT COMES TO AN END
After 20 years, the solar cells/panels, inverters, storage batteries, mounting equipment, cables and other ancillary equipment will be handed over to the project owners for a nominal book value at that time and the lease agreements between investors and project owners will be come to an end.
Pete has lived in Botswana for more than 20 years and found it strange how little use has been made of solar energy. He founded Solwana to provide investors with a way to earn while offsetting their carbon footprint, but also to provide sustainable, reliable and lower cost energy to local schools and businesses.
Pete worked in land surveying for more than 30 years, and in 2013 moved into IT. Through both of these, he’s built up a wide network of businesses, universities and schools around the country, as well as in neighbouring Zimbabwe and Namibia, into which Solwana hopes to expand soon.