uShaka Shopping Mall | 530.60 kW | KwaDukuza, South Africa

100% sold - Installing Solar

We’re solar powering KwaDukuza’s ‘uShaka Mall’ located in KwaZulu Natal, a South African province known for its fertile lands and vibrant history - the land of the Zulu.

The region's sugarcane and supporting industry serves a large portion of the job market. However, huge areas of land are now fallow due to monoculture, leaving many labourers without jobs. Drought exaggerated by a changing climate is introducing further instability to the farming industry.

In response, the KwaDuku'za municipality has set an agenda to ‘Go Green by 2030’ but struggles with ageing infrastructure and high unemployment. This project assists their green vision by boosting their low-carbon economy, climate resilience and creates new employment opportunities and solar skills development.

uShaka Mall is of one of KwaZulu-Natal’s largest retail properties of around 8,700sqm. The mall is 95% occupied and includes a strong mix of stable tenants including Clicks, Telkom, Cell C as well as anchor tenant, Pick n Pay.

You can choose to donate any proportion of your income earned from leasing solar cells to uShaka Mall to the Fire Protection Association of the Overberg. All monies raised will be used to support fighting increasingly overwhelming wildfires in a warming world.

113976 Total cells sold

100% Sold

Sold Out

Number of buyers

1,264

Crowdsale end date

23 May 2020

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Key Facts

Cost per cell (ZAR)
67.00
Forecast first year production / cell (kWh)
6.520
Year 1 lease rate (ZAR / kWh)
1.17
Lease term (Years)
20
Estimated 20 year rental income per cell (ZAR)
217.13
Estimated IRR (%)
12.41


IMPower Pty Ltd
uShaka Mall