CPOA Pinelands Place Retirement Village | 150.80 kW | Cape Town, South Africa

100% sold - Generating Power

The residents of Pinelands Place Retirement Village require access to lower cost and cleaner solar power as they’re vulnerable to fossil fuel based energy price hikes and the impacts of climate change.

Founded in 1953 by a group of volunteers, the Cape Peninsula Organisation for the Aged (CPOA) is a non-profit organisation become “The Retirement Specialist” of Cape Town.

Today CPOA operates 25 properties, and covers the entire spectrum of services for retirees, catering to independent living needs and later full frail care.

Pinelands Place Retirement Village is the first of a series of projects with Sun Exchange, allowing anyone around the globe to turn sunlight into money whilst lowering energy costs to caring for the elderly. Surrounded by beautiful gardens and shady trees in the suburb of Pinelands, the development consists of 124 apartments offering residents both a long term rental and Life Right option, as well as a 33 room on-site CPOA Care Centre.

32400 Total cells sold

100% Sold

Sold Out

Number of buyers

392

Crowdsale end date

16 Jan 2020

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Key Facts

Cost per cell (ZAR)
79.00
Forecast first year production / cell (kWh)
6.98
Year 1 lease rate (ZAR / kWh)
1.20
Lease term (Years)
20
Estimated 20 year rental income per cell (ZAR)
244.24
Estimated IRR (%)
11.49