Bravura Energy, an investment firm in South Africa, has introduced a Solar Fund exclusively dedicated to investing in solar photovoltaic (PV) projects. This fund generates revenue through triple net power purchase agreements (PPAs) with solar providers. The Solar Fund provides an alternative funding option for these entities, as traditional financing methods often involve higher costs, whether through debt finance or equity funding. In contrast, the fund offers a more cost-effective solution with lower interest rates for EPC companies and solar providers. Furthermore, Bravura Energy is open to the possibility of transferring asset ownership to the solar provider after five to ten years, either in cash or shares in the provider’s business.

Source: The North Africa Journal October 30, 2023 12:03 UTC