Hisense spends R20 million on solar power for local factory

All this green this, green that, whilst the ANC government allowed Eskom and SASOL to spew 3x more pollutants into the atmosphere.

Gauteng's air has been stinking of sulphur dioxide this whole week.
 
I'm sure they would be even more pleased if they didn't have to fork out 20 million for Eskom's incompetence.

Purely financial reason:
The project will comprise the installation of more than 2,500 solar panels and will deliver annual energy production of over 1.9 million kWh.

1,900,000 kWh * R2.23/kWh = R4,238,900 per year
R20m / R4.2m = 4 year 9 months payback
And the bonus is that you don't lose millions in lost production due to load shedding.

Add in 15.6% Eskom increase, Solar + Inverter + Battery ROI in 5-7 years.

EDIT:
R2.23/kWh (inc VAT) is the CoJ home rate, I think CT is higher.
R20m for 2,500 panels = R8,000 per panel, so that must include inverters and Lithium battery storage

EDIT2:
SARS allows business accelerated depreciation on the R20m solar assets - even faster ROI
 
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Smart move by Hisense

They say it is a 5 year plan in the article, so I would imagine it is a staggered rollout? I can't see why it would take five years to complete so I would imagine that they are doing it to slowly convert from being fed by Eskom to Solar in phases and not all at once.
 
Only one problem remains that solar cannot fix.

The SA economy is so blundered and plundered that HiSense will have a hard time to generate escalated sales and revenue on the local market.

HiSense should have looked to do this in a cheaper country until/if SA economy ever recover and then come back.
 
Purely financial reason:


1,900,000 kWh * R2.23/kWh = R4,238,900 per year
R20m / R4.2m = 4 year 9 months payback
And the bonus is that you don't lose millions in lost production due to load shedding.

Add in 15.6% Eskom increase, Solar + Inverter + Battery ROI in 5-7 years.

EDIT:
R2.23/kWh (inc VAT) is the CoJ home rate, I think CT is higher.
R20m for 2,500 panels = R8,000 per panel, so that must include inverters and Lithium battery storage

EDIT2:
SARS allows business accelerated depreciation on the R20m solar assets - even faster ROI
That's not the CoJ rate? Maybe at after 500 units
 
I would not be surprised if Eskom has an overcapacity in a few years time, as more individuals and businesses show them the middle finger.

On the other hand they probably loss generation capacity faster than they loss customers.
 
I would not be surprised if Eskom has an overcapacity in a few years time, as more individuals and businesses show them the middle finger.

On the other hand they probably loss generation capacity faster than they loss customers.
Doubtful as many coal plants are reaching end of life in any case without any real plans to get more power on stream.
 
Only one problem remains that solar cannot fix.

The SA economy is so blundered and plundered that HiSense will have a hard time to generate escalated sales and revenue on the local market.

HiSense should have looked to do this in a cheaper country until/if SA economy ever recover and then come back.
Not necessarily. they can use SA as a base to assemble Chinese parts as locally made (like they do currently), for SADC export duty free.

That broadens the market somewhat.
 
Yes, but they going to sort out the issues at Medupi and Kusile




Just kidding.
What's cutting with that boilers that were too short and all those cracks that started appearing in new concrete.
 
Look at it this way. Their electricity off-set means slightly less strain on the grid. Small victories.

If only this was a positive for general SA consumers.

Less load on the grid = Eskom claiming less sales = Eskom asking for increase in rates because companies like HiSense is moving off-grid.

Eskom is already using this logic for the 20%+ increase April 2021 and rest assured next year we will see the same if not higher increase until everyone is bled dry.

It will be the never ending swing until the last poor consumer is forced to unplug permanently.
 
I would not be surprised if Eskom has an overcapacity in a few years time, as more individuals and businesses show them the middle finger.

On the other hand they probably loss generation capacity faster than they loss customers.
Eskom prices will never go down - even if they ever have excess capacity.
They need to recover R450b due to overruns, corruption, theft, maladministration, incompetence, over staffing.
Eg. R840 million on Wilge flats (2.5m per unit) and they still paid for transport and accommodation for workers.

Eskom needs to adopt "Super Power" or ZA power generation and economy will be left behind in 10 years.
See Tony Seba for explanation of Super Power:
 
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