Denis Opudo
The Sun Exchange that was launched in 2015 has been able to earn $1.6 million. The platform offers an online market where people can buy solar cells and help in providing power to homes or business so long as there is sunshine in those areas. The Sun Exchange gives a good opportunity to those who had a thought of investing in the solar power provision world.
The platform operates differently compared to other solar investment industry in that, it only sells solar cells in small quantities, and then the buyers get a share of revenue generated from the sale of electricity from those cells. The funding of the leasing and installation costs in done in a pool like manner before the installation is carried out. After successful funding, the investors are given a unique reference code for every solar cell, and this gives them an opportunity to locate their solar cells and visit the solar cells if interested.
The industry gives the participants an actual ownership of the solar cells, and they have a freedom of doing away with the lease. The company is currently installing the solar cells in the southern Africa region hoping to increase its market to other parts of Africa and various continents targeting to develop a diverse solar portfolio. The purchase of the solar cells can be made by either using bitcoin or the South African Rand, but most people prefer the use of bitcoin since it reduces the cost of transferring money between countries.
The reason why people tend to invest in the solar cells project is like; it’s one of the reliable ways of getting income apart from banking and investments on natural resources like mining. The project also favors everyone who might not have a roof to mount the solar panel. Those who are not able to afford the cost of installing the whole solar system are also catered. The success of the company is seen by its ability to quickly sale the solar cells listed on its sites.
