Solvanta Renewables Business Plan › Section 4 › Products & Services

Solvanta operates five branded business lines that together cover the
private renewable energy value chain from electron generation to
delivered, firmed, carbon-accounted energy at the customer’s meter.

Solvanta Solar — utility-scale PV

Utility-scale solar PV farms of 50–250 MW in the Northern Cape, Free
State and North West, supplying industrial customers, commercial users
and municipalities under long-term PPAs. Single-axis tracking, bifacial
modules and DC/AC ratios of 1.25–1.35 deliver P50 capacity factors of
26–29%. Solar contributes 1,080 MW (60%) of the FY2031 fleet at a
benchmark installed cost of R11.8 million/MW and an estimated levelised
cost of energy (LCOE) of approximately R0.56/kWh, roughly one third of
prevailing Eskom Megaflex averages.

Solvanta Wind — onshore wind

Onshore wind developments of 100–200 MW in the Western, Eastern and
Northern Cape wind corridors, where measured wind resources support P50
capacity factors of 34–38%. Wind contributes 720 MW of the FY2031 fleet
at R20.5 million/MW installed and an LCOE of approximately R0.74/kWh.
Wind’s evening-weighted generation profile is complementary to solar,
materially reducing the firming burden on the BESS fleet and enabling
24/7-shaped corporate products.

Solvanta FlexPower — flexible renewable agreements

The commercial heart of the platform: 5–10 year renewable energy
supply agreements for mid-sized corporates, retail groups and
manufacturers, customers whose credit and planning horizons cannot
support traditional 15–20 year PPAs but whose energy costs and ESG
obligations make renewable supply compelling. FlexPower contracts are
backed by the pooled generation fleet rather than a single asset, with
BESS firming and TradeCo top-up guaranteeing delivered volume profiles.
Pricing carries a 8–12% premium to vanilla single-asset PPAs in exchange
for tenor flexibility and shaping.

Solvanta Storage — battery energy storage

Grid-scale BESS deployments reaching 400 MWh by FY2031, monetised
across three stacked revenue layers: peak shaving and load shifting for
contracted customers, firm capacity and backup services, and
grid-stabilisation ancillary services as the NTCSA procures balancing
capacity from independent providers. Storage revenue grows from R4
million in FY2027 to R205 million in FY2031.

Solvanta Wheeling — transmission access and trading

TradeCo wheels renewable electricity across Eskom/NTCSA transmission
and municipal distribution networks to multi-site customers, earning
trading and wheeling fees of R0.11–R0.13/kWh on a net basis. Wheeled
third-party volumes scale to approximately 2.2 TWh by FY2031, 37% of
total platform volume, aggregating output from other IPPs whose projects
lack offtake diversity. Use-of-system charges are passed through to
customers; TradeCo’s margin compensates balancing, credit intermediation
and administration.

Product roadmap and cross-sell

The five lines are sequenced deliberately. Owned generation and
development fees carry the early years while the customer base is
assembled; FlexPower scales from FY2028 as pooled-fleet capacity permits
multi-customer shaping; wheeling and trading accelerate once the NERSA
trading licence lands; and storage services compound throughout as the
BESS fleet grows and ancillary markets open. The commercial design
assumes 40% of FlexPower customers add a second product (storage or
wheeling) within 24 months of first contract, lifting revenue per
customer without proportional acquisition cost. From FY2030 the plan
adds two extensions at pilot scale: green hydrogen supply partnerships
for export-oriented industrial customers, and 24/7 carbon-free energy
matching for data centre operators, both monetising the same fleet, data
platform and customer relationships this Plan funds.

Confidential — this business plan is provided to prospective investors and lenders for evaluation purposes only and may not be reproduced or distributed without the written consent of Solvanta Renewables (Pty) Ltd.