About the Project
Brookwood is a secure, gated housing complex located in Johannesburg. This project is part of a pilot program for rolling out solar on all of the units in the complex.
By investing in this project, you will help avoid load-shedding for the residents and reduce grid-load for the country.
Solar energy is a clean, renewable, and reliable source of power that can benefit both the environment and the economy. With your support, we can make Brookwood a model for sustainable living and energy independence in South Africa.
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 rate of 12% per cell, per annum.
- Single Solar Cell ($8)
- Two Solar Cells ($15)
- Quarter Panel ($275)
- Half Panel ($550)
- Full Panel ($1,100)
Every Digital Asset represents real ownership in the underlying cell (or bundle of cells). All documentation is embedded into the asset (it’s transparent and unchangeable). Revenues are paid out through a smart contract, so you can always verify the fairness of payouts.
The Finer Details
This solar project is on a 20-year lease. This installation is already complete and you will receive your first income at the end of August 2023.
At the end of the 20-year lease period, you will not be able to take possession of your solar cells. The consumer (Brookwood Complex) shall have the right to enter into a new lease or purchase your solar cells. In both cases, fair market value will be determined and incomes will be to the benefit of Token holders. Payouts will take place in the stablecoin, USDC, and will be distributed by Momint every three months after the initial solar plant installation.
Each individual solar cell will reduce an estimated 118kg of CO2 over the 20 year term, which is equivalent to:
- 2 seedlings grown for 10 years
- 4.5 lamps switched to LED
- 473 km driven by an average passenger vehicle (from just a single solar cell!)
- Number of cells as tokens 1152 cells (in Pilot, more to come)
- Cost per cell USD $8 (ZAR 137)
- Lease term 20 Years
- Payment schedule: Quarterly payments
- Holders will be notified once the installation complete
- Est. total lifetime (20 year) earnings of project $20 000 USD (ZAR 380 749) Project Address: 7 King Edward st, New Brighton
- Solar PV system: 450 kWp panels (rated @90% efficiency for 25 years) • Solar panel type: Monocrystalline
- Solar manufacturer: Sunsynk
- Inverters: hybrid Inverter
- Inverter Manufacturer: Sunsynk
- Standard compliance: IEC-62103 (EN50171), IEC-62109, AS3100
- Installation standard To meet: NRS097 and SANS10142 codes
- 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.