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info@apolloafrica.co.za
+27 72 039 3388
Unit D9 Octo Place
5 Elektron Road Techno Park
Stellenbosch
7600
+27 72 039 3388
Unit D9 Octo Place
5 Elektron Road Techno Park
Stellenbosch
7600
We value exploration and embrace curiosity
~ Bernard Baruch
We value exploration and embrace curiosity
~ Bernard Baruch
Apollo Africa is reducing the hassle and cost of connecting local renewable energy producers directly with consumers, creating access to cleaner more cost-effective energy options. Currently, in South Africa, advisory transaction fees involved in procuring renewable energy are substantial. Because of these high costs, opportunities in the private sector have been limited to those companies that can afford these fees. The Apollo Marketplace creates access to renewable energy for businesses of all sizes.
Apollo is not an energy trader. We don’t buy and sell physical energy. We provide a platform (an “energy marketplace”) for energy buyers and sellers to contract directly with each other. We offer customers access to wholesale energy prices at retail quantities.
A Renewable Energy Certificate (REC) is an electronic record verifying the origin of energy by a registered renewable energy entity. It is possible to trade a REC worldwide and separately from the electricity grid infrastructure. Consequently, it offers renewable energy producers the potential of an additional revenue stream and buyers of RECs increased green coverage over their operations. RECs can be created and traded over the Apollo Marketplace.
Billing is done on monthly total energy productions and consumptions thus mitigating the financial impact of short-term loadshedding intervals.
It typically takes between 6 – 18 months for a new renewables project to be ready to deliver power. 6 months for “shovel ready” projects and 18 months for undeveloped sites.
Because of the incredible uptick in demand for renewables, early contracting of supply capacity is recommended to lock in supply commitments.
A PPA is a “Power Purchase Agreement”. It is a contract to buy power direct from the supplier.
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