Buy and Sell environmental assets with transparency and confidence.
October 2024
The first online carbon exchange in Africa is revolutionising how carbon credits and other green assets are bought and sold.
Online Marketplace
First Energy Solutions facilitates the sale of COAS Tax Credits, RECs, and Voluntary Carbon Credits on our partner’s exchange. The seller pays no cost, and the buyer is fully transparent.
Carbon Asset Development Services
First Energy Solutions helps developers navigate hurdles to obtaining value from Green Assets by connecting them with experts and registries. It also addresses the Carbon Asset shortage.
Carbon Market Advice
We actively monitor international and local standards, prices, legislation, and future sentiment in the market.
Grouped Solar Project
Small-scale renewable energy projects are not feasible due to high costs and administrative burdens. First Energy Solutions and its partners cover all costs and services to realize the credits, ensuring developers are rewarded with the majority of these credits. Economies of scale are achieved by grouping numerous small-scale projects together using registry guidelines and carbon development expertise.
South African Carbon Tax and Credits
South Africa’s Carbon Tax Act, implemented in 2019, taxes companies based on their carbon dioxide emissions. Companies can offset 10% of their tax using Carbon Tax Credits, which trade at a 25% discount to the tax rate. The Carbon Tax rates are increasing yearly, reaching R462 by 2030.
Carbon Credit Revenue
First Energy Solutions prioritises project owners by allocating 60% of credits for <5MW, 65% for 5-10MW, and 70% for >10MW portfolios. Cash flow per 1MW generation ranges from ZAR 1.5 mn to ZAR 1.8 mn over 7 years. All costs are covered by First Energy Solutions.
What is required?
Proof of ownership, project documentation, metering specifics, and online access to generation data are required.
How it works:
Pre-feasibility and CDA (Carbon Development Agreement) determine project suitability, data collection, VVD validation, and credit issuance on the Exchange platform.
Project Specifics
Projects under 15MW with over 50% on-site power consumption must be greenfield and registered with Verra. Commissioned after 13 September 2022, projects have a 7-year lifespan extendable to 21 years, 1st issuance in Q1 2025, with project owners responsible for providing data.
