SA Solar Energy Start-Up The Sun Exchange Details Its Plans For An International Expansion
SA Solar Energy Start-Up The Sun Exchange Details Its Plans For An International Expansion. South African solar energy startup, The Sun Exchange has announced that it is planning to expand internationally to assist entrepreneurs in Agriculture. “We fill a funding gap for businesses and schools and retirement homes to get solar-powered at no cost to themselves,” Abraham Cambridge, co-founder and chief executive officer, told Business Tech in an interview.
“We are really now looking to expand into agriculture.” “We are really looking at the Southern African Development Community,” Cambridge added. “We will be looking at countries with the most unreliable electricity access.” The company believes sunshine is one of humanity’s most valuable, yet underutilised, resources. Not only can solar energy sustainably power hospitals, schools, community organisations, businesses and factories, it can also drive entire industries and economies. Solar dramatically reduces carbon emissions and air pollution, and it’s also quickly becoming the most affordable source of electricity. However, financial obstacles continue to hinder solar adoption, especially in emerging markets.
This expansion seeks to allow anyone, anywhere in the world to own solar energy-producing cells and build wealth by leasing those cells to power businesses and organisations in emerging markets, with installations and maintenance taken care of by one of Sun Exchange’s carefully selected installation partners. The company leverages financial innovation and the power of the crowd to drive sustainable energy development and make the environmental, social and economic benefits of solar accessible and affordable for all.
Abe Cambridge has an academic background in climate change science. Through his studies, it became alarmingly clear that climate change presents the most imminent threat to humanity. His studies led him to the conclusion that the solution is to transition the world away from fossil fuels and towards solar power, the most deployable, affordable and accessible type of renewable energy.
This expansion will seek to assist entrepreneurs in the Agriculture industry as the company is targeting countries that do not have reliable energy sources. Through The Sun Exchange’s methods, these companies will now have access to reliable energy.
