I have a client that had a similar deal done on their farm. The supplier built a solar plant on the farm for free and the client pays for the electricity generated by the plant only (some is used and some is pushed into the ESKOM grid for credits)

After 20 years, ownership of the plant transfers to the client at no cost

The rate that the client paid for electricity was very low compared to the normal ESKOM rates and it worked great for the client, but the company that supplied it went bankrupt and I think it's largely due to having high capital expenditures building the solar plants with low monthly cashflows coming in

Reply to this note

Please Login to reply.

Discussion

Yeah that's what I was kinda figuring, i know Sun-exchange does this too but removed the friction of the crowd-funding part of the business as they try to generate more revenue. It's not like these things are a set-and-forget system, you have to have maintenance teams on call for the duration, there's running and repair costs involved, simple things like cleaning off panels or they fail generate optimum power for example.

I'm always skeptical of connecting to homes as is not value-adding versus the grid, houses aren't taking energy and converting it to higher value like a business can, where the energy mix can help and cover in times of load shedding or smooth out costs should you head over eskoms various tiers. How much excess would these home setups really generate that can be dedicated to mining? Versus like a larger business or farm where they would naturally have a problem with balancing energy demand and would need energy dumping facilities?

I've worked with a 2 renewable energy companies and man they can shill some bullshit, but physics and math don't lie

Haha indeed! The promises are usually huge and the results not so impressive

For home mining I think it might be a good idea to switch normal heaters to miners that generate the heat for your house? I've seen people talk about it and it seems like you use more or less the same energy to generate about the same heat but mine some btc in the process? But haven't read into it that much yet