Spargs Group
Solar
1.2 MW
Family-owned retail giant Spargs Group prides itself on adding value to its customers’ lives. Thanks to their new solar-powered portfolio, they can continue to add value for years to come.
Innovative solar financing
When deciding between financing a solar system or buying it cash, Spargs Group opted for the best of both worlds to maximise its return on investment while powering multiple sites with clean, green power.
Combining financing options for maximum solar savings.
With a zero-capex Power Purchase Agreement and two outright purchases, Spargs Group has spread the cost-saving benefit of owning and financing solar systems across three of their sites.
Beacon Bay consists of an 814 kWp system that was bought through a cash purchase. This offers an excellent return on investment as the ownership of the system lies with Spargs Group.
Queenstown comes in at around 238 kWp and was financed through a 20-year Power Purchase Agreement. The PPA requires no upfront investment and they pay only for the solar power they consume when using the system.
Kokstad might be the smaller of the three sites but it still comes in at 203 kWp of cleaner, cheaper green energy to power this site. Spargs Group opted for another cash purchase in this instance.
Replacing utility power with clean, affordable solar during the day.
Solution benefits
Super solar cost savings
The PPA and roof rental combo offer cost savings on their electricity bill from Day 1.
More green, less carbon
Shrinking their CO2 footprint across 3 sites boosts their green credentials.
Solid return on investment
They own two of their systems outright giving them a great ROI on their purchases.
Cheap electricity tariffs
The PPA system offers electricity tariffs that are up to 50% cheaper than Eskom’s.
Solar panels
From Beacon Bay to Kokstad, our team installed three different sets of solar energy systems to bring the power of renewable energy to more Spargs sites.
MW solar
The combined total of our Spargs portfolio comes in at an impressive 1.2 MW, offering more green energy across multiple sites to reach their sustainability goals.
“The system has enabled us to save costs and reduce the load on our generators when they need to run.”
Deon Kretschmer | Chief Information Officer, Spargs Group
“The system has enabled us to save costs and reduce the load on our generators when they need to run.”
Deon Kretschmer
Chief Information Officer, Spargs Group
