Every R1 million invested into Grovest Energy Limited (GEL) sees more than 112 man-months created and 3356 tons of Carbon Dioxide (CO2) emissions avoided – which equates to planting 16780 trees in the humid tropics.

Our Projects

Southdale Mall

Northmead Mall

Nioro Plastics Factory

An overview of our current and future projects that you can look forward to hearing more about include:

Current projects:

Customer Capacity Location Project Cost GEL Funding Project Type
Nioro Plastics Factory 471kW Western Cape R4.6mil R2.5mil Solar PV PPA
Northmead Mall 588kW Gauteng R6.2mil R6.2mil Solar PV PPRRA
Southdale Mall 1058W Gauteng R12.9mil R12.9mil Solar PV PPRRA
Safari Lodge N/A Mpumalanga R8.9mil R8.9mil Integrated Energy Solution
Total R32.6mil R30.5mil

Investment pipeline for FY2020:

Customer Capacity (kW) Location Project Type Estimated Project Cost (R’mil) Estimated GEL Funding Share
Property Portfolio 1 7 200 12 sites nationally Solar PV 68 400 34 200
Property Portfolio 2 4 000 7 sites nationally Solar PV 38 000 19 000
National Retail Franchise 4 000 Eastern Cape Solar PV 40 000 30 000
Private Global Manufacturer 1 500 Kwazulu-Natal Diesel-Solar-Hydro Hybrid 45 000 33 750
Energy Trader 1 200 Mpumalanga Hydro 40 000 30 000
Miscellaneous 8 000 National Predominantly Solar PV 80 000 80 000
Total 311 400 226 950

The investment pipeline for execution is deliberately larger than the intended
capital deployment in FY2020 in order to ensure deployment and select
the best risk-return projects.

Watch this space for exciting updates and tangible progress reports on how your investment is performing – or be the first to receive information from us by signing up to receive our monthly GEL newsletter.

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Or click here to read more on how you can invest in the fund before 28 February 2019.