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A solar power purchase agreement (PPA) is a financial agreement where a developer arranges for the design, permitting, financing and installation of a solar energy system on a customer’s property at little to no cost. The developer sells the power generated to the host customer at a fixed rate that is typically lower than the local utility’s retail rate.

This lower electricity price serves to offset the customer’s purchase of electricity from the grid while the developer receives the income from these sales of electricity as well as any tax credits and other incentives generated from the system.

PPAs typically range from 5 to 15 years and the developer remains responsible for the operation and maintenance of the system for the duration of the agreement. At the end of the PPA contract term, a customer may be able to extend the PPA, have the developer remove the system or choose to buy the solar energy system from the developer.



  • Continues providing uninterrupted electricity service.
  • Provides net metering credit to the Off-Taker if net metering is available


  • Receives power from on-site PC system.
  • Reliably lower electricity prices.
  • Recieves system benefits but does not own array.


  • Coordinates financing, design & construction of PV system at Off-Taker’s site.
  • Processes all incentives.
  • Monitors PV system performance.


Vel Navitas Energy offers a capex-free rent-to-own model to businesses so they can go solar without major capital costs. Businesses simply pay for the greener power produced by the system at rates less than grid power. With the global and local economy reeling from the impact of the COVID-19 pandemic.

Businesses are being forced to cut operational costs wherever possible. “These uncertain times make it very difficult for businesses to get a handle on their near- term revenues and finance costs. That leaves the operating cost line as one of the few things they can try to control. Energy cost savings can play a big role there”.

That while most business owners agree that solar installations are a worthwhile investment. The current economic climate sees many businesses looking to preserve capital in the face of an uncertain future. Instead of requiring clients to invest substantial capital to purchase systems outright. Vel Navitas Energy is able to offer a unique CAPEX-free solution. Vel Navitas Energy rent-to-own model means systems are designed and installed free- of-charge. Clients only pay for the cheaper, greener power that is produced.

Vel Navitas Energy rates can be as much as 50% cheaper than the equivalent cost of grid power. That translates into significant operating cost savings for clients.


Vel Navitas Energy pioneered the solar lease in 2018, allowing homeowners to go solar for R0 down.

Solar leasing has quickly become the most popular way of helping homeowners reap the benefits of solar energy. It gives you the same dependable power as solar ownership, but with the added benefits of a professionally managed and maintained system, daily monitoring, and a solar production guarantee.

With Vel Navitas Energy solar lease, you’ll be able to lock in dependable, predictable energy rates, long- term savings and clean, renewable energy for up to 25 years.

B.O.T (Build, Own, Transfer)

Vel Navitas offers BOT contracts. A build-own-transfer (BOT) contract is a model used to finance large projects, typically infrastructure projects developed through public-private partnerships.

BOT projects are normally large-scale, greenfield infrastructure projects that would otherwise be financed, built and operated solely by the government. Under a build-operate-transfer (BOT) contract, an entity—usually a government—grants a concession to a private company to finance, build and operate a project for a period of 20-30 years, hoping to earn a profit. After that period, the project is returned to the public entity that originally granted the concession.


The Vel Navitas Energy team has also leveraged its unique skills and experience in the sector to create a Fund Management platform. This platform is currently developing Foxvest, an equity fund listed on the JSE focused on operating renewable energy projects in Sub-Saharan Africa.

We know that every client has unique requirements, and our approach is centered around our clients. We unpack our approach below in terms of how we structure and consider the customised solutions for each client.



Local crowdfunding platforms such as The Sun Exchange, FedGroup Ventures and others that we have partnered with, allow for individuals to buy solar PV panels or cells, which are then rented to businesses at no upfront cost.

The owners of the panels/cells receive a rental or income for the lifetime of the panels/cells and businesses usually immediately start to save on their energy bills, Some platforms offer free insurance and maintenance.

On average, a residential or small business property might require a 3-5kWp solar PV system. For these systems, a price tag of approximately R90 000 (~R22/Wp) can be expected.


If you are a smaller scale solar EPC firm and do not have access to large reserves of liquidity, Vel Navitas Energy can help with bridging finance options that are loaned out against your expected inflows of cash, either at the end of the project commissioning or through subsidies at a later stage.

Why aren’t big banks stepping tom assists with bridging finance for small EPC players? The reason that big banks are not stepping up is simple. The size of each deal is relatively small. For a solar EPC that has been doing residential projects that wants to sign a 100kW deal, it’s a huge sum of money for the solar EPC, but not a large sum for a bank.

Vel Navitas takes pride in building energy solutions that are of exceptional quality and workmanship.