Established in 2011, SolarAfrica is a solar photovoltaic (PV) financing company, providing a financing solution, through its exclusive partnership with Commercial Energy, for rooftop systems of less than 1MW for Commercial & Industrial (C&I) and residential clients. Currently focused on South Africa, SolarAfrica finances a project’s construction phase through to commercial operations, working with engineering, procurement and construction (EPC) contractors for project installation and then providing monitoring and maintenance going forward. Once the project achieves commercial operations, the project is acquired by Commercial Energy. Taking into account the high up-front cost for a solar PV system, SolarAfrica offers an alternative to outright purchase. SolarAfrica enters into power purchase agreements (PPAs) with its clients, with the clients having to pay only for the amount of solar energy they consume, according to an agreed price (indexed according to the rate of consumer price inflation) for the duration of the PPA (typically 15-20 years). SolarAfrica aims to offer its clients savings of 20-40% compared to electricity tariffs charged by local municipalities or the national utility.