Sosimple Energy has introduced a five-year solar power purchase agreement (PPA) for South Africa’s commercial and industrial (C&I) sector. According to the company, it is the first short-term PPA of this kind in the market with most solar PPAs typically structured over 10 to 20 years.
Unlike rent-to-own models, where system ownership transfers at the end of the term, Sosimple retains ownership under the PPA.
The five-year model, SoSimple Sprint, is aimed at businesses seeking shorter contractual commitments and requiring no upfront capital investment. Sosimple Energy will fund, install, insure and operate the solar systems with customers purchasing daytime solar energy at tariffs below current Eskom rates. The company states that the offering was developed in response to market demand for more flexible procurement options.
The PPA model targets C&I facilities across sectors that may not qualify for, or prefer to avoid, long-term infrastructure commitments. “That’s why we created Sosimple Sprint – a solution that delivers real savings without the long-term lock-in,” says Liana Braxton, MD of Sosimple Energy.
