This digital asset is linked to 1 solar cell at Tafelsee, in Cape Town, South Africa. This initiative gives you the opportunity to own 2 solar cell and earn a forecasted income of R20 per year ($1,20) from the electricity generated.
About The Project
Each digital asset is linked to solar cells, which will be installed at Tafelsee, in the Northern Suburbs of Cape Town, South Africa. This initiative gives you the opportunity to own one (or more) solar cells and earn a forecasted income from the electricity generated.
Buying tokens in this project supports the move away from the national power grid, helping to combat the South African energy crisis.
Passive income is possible through this mechanism because these solar cells will generate electricity for the next 20 years. Tafelsee Body Corporate has committed to purchasing this solar electricity for that period through a standard power purchase agreement.
About The Location
The Tafelsee apartment development is located in the Loevenstein Valley of Tygerberg in the Northern Suburbs of Cape Town, South Africa. Designed and built in the early 1970s, Tafelsee consists of two high-rise buildings, each containing 12 storeys of residential apartments that have become a well-known feature of the Northern Suburbs skyline.
288 separate homes make up the Tafelsee community, with 144 units in each building, individually named Seesig and Tafelsig (Afrikaans for Sea View and Table [Mountain] View). Residents enjoy 3 acres of beautiful grounds that include swimming pools and outside recreation spaces. Popular with young families and professionals, it continues to be an affordable, practical and peaceful place to call home.
A central body corporate manages shared services, including electricity, and they collect payments as part of the resident’s levy.
There will be two separate systems, one for each of the apartment blocks, mounted on the carports surrounding the buildings.
These digital assets give the token holders ownership of solar cells that distribute revenues from the electricity that is generated, paid out every three months, at a forecasted return of 144% over 20 years*.
1 Cell ($5)
- Just to dip your toes and explore funding renewables.
- Forecast average annual payout of $0.60
2 Cells ($10)
- Make an impact without breaking the bank
- Forecast average annual income of $1.20
10 Cells ($50)
- Make a difference
- Forecast average annual payout of $6.00
100 Cells ($500)
- For big boss funders
- Forecast average annual payout of $60
The Finer Details
This solar project is on a 20-year lease. Your earnings begin as soon as the solar plant is fully installed – this is when the lease period begins. The installation process can take anywhere from 2 – 6 months from the close of the crowd sale. In some cases, solar projects are energised before reaching final completion, which results in early bonus earnings before the lease period.
At the end of the 20-year lease period, you will not be able to take possession of your solar cells. The consumer (Tafelsee Apartments) shall have the right to enter into a new lease or purchase solar cells. In both cases, appropriate experts shall be used to determine the fair market values for the lease amount or purchase price. Note that the value of the solar cell installation may be determined to be zero. Payouts will take place in the stablecoin, USDC, and will be distributed by Momint every three months after the initial solar plant installation.
Each solar cell will reduce an estimated 118kg of CO2 over 20 years, which is equivalent to:
- 2 seedlings grown for 10 years
- 4.5 lamps switched to LED
- 473 km driven by an average passenger vehicle
- Total solar project size 242.55 kW
- Number of cells as tokens 2600 cells
- Cost per cell USD $5
- Lease term 20 Years
- Total Est. 20yr Earning: R446.70
- Payment schedule: Quarterly payments completed after completed installation
- Holders will be notified once the installation complete
- Est. annual generation 5.97 kWh per cell
- Est. total lifetime (20 year) earnings per cell 13 USD equivalent
- Project Address: Allen Dr, Loevenstein, Cape Town, South Africa
- Solar PV system: 242.55 kWp
- Solar panel type: Crystalline Silicon
- Solar manufacturer: Canadian Solar
- Mounting system: Carport Mounting
- Inverter: 2 x 100kW Inverter
- Inverter Manufacturer: Solar Edge
- Standard compliance:IEC-62103 (EN50171), IEC-62109, AS3100
- Installation standard To meet: NRS097 and SANS10142 codes
- Est. annual generation: 388 MWh
- Probability factor: 50%
- Self-consumption: 97%
- Export: Yes
- Coverage: 30%
The purchase price covers the following: insurance (fire, theft, damage), ongoing maintenance (such as annual cell cleaning), contributions to a maintenance reserve and administration services.
Disclaimer & Legal
Investment Risks: All investments, including those in solar cells or any projects on Momint, come with inherent risks. The value of your investment can go up as well as down, and you may not get back the full amount you invested. Past performance is not indicative of future results.
Your earnings from the solar cells can be impacted by a variety of factors including but not limited to installation timeline delays, fluctuations in solar cell performance and energy generation, default or non-payment from the energy consumer, fiat and digital currency fluctuation, government regulatory changes and power outages.
Due Diligence: It’s imperative that potential investors conduct their own research and due diligence before making any investment decisions. Ensure you understand the risks associated with the investment and seek independent advice if necessary.
Tax Implications: Investors are responsible for any tax implications arising from their investments. It’s recommended to consult with a tax professional or advisor to understand any potential tax liabilities based on your jurisdiction and individual circumstances.
Security Reminder: Always safeguard your Momint Wallet credentials. Momint is not liable for any loss of NFTs due to personal negligence.
Regulatory Status: This product has not been authorized by the Financial Sector Conduct Authority (FSCA) of South Africa or the United Kingdom’s Financial Conduct Authority.