Cars.co.za buys into Karoo off-grid solar project through Sun Exchange

Global solar leasing platform Sun Exchange has announced that South African automotive platform Cars.co.za has bought into a project that provides off-grid solar power, as well as battery storage, to the Karoo Fresh commercial farm. By using the Sun Exchange platform to buy more than 16 000 solar cells, valued at more than R2.5-million, Cars.co.za says it hopes to leverage its balance sheet to drive sustainable energy, while also creating an alternative income stream for its business over the 20-year life span of the solar project.