Africa's secondary market for renewable energy

The secondary market for Africa's renewable energy assets.

Operational solar, wind and storage assets — made liquid, priced live, settled on institutional rails.

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SARB REPO7.25%
SA 10Y BOND8.40%
USD / ZAR16.20
Valuations marked to latest curve · 07 Jul 2026
The problem

Billions in clean-energy value sits frozen.

Africa's operating solar and wind farms are locked into 20–25 year power contracts. Developers can't recycle their capital; investors can't get in — or out. The assets exist, the cashflows exist, the demand exists — the market does not.

The ENEAGEX idea

A stock exchange for operating renewable energy.

ENEAGEX is a marketplace that makes these assets tradeable — the first of its kind in Africa. List an asset, have it priced by a live valuation engine against the real SARB yield curve, and trade it. Institutional rails, live pricing, clear exits.

Who it's for

Built for both sides of the trade.

For developers

Free capital trapped in long-term contracts.

Sell part or all of an operating asset and redeploy into your next project — in months, not 25 years. Instant indicative valuation, verified DD workflow, institutional buyer access.

How it works for developers
For investors

Own de-risked, cash-generating clean-energy assets.

Own tokens in operating assets from R5,000 — distributions as the assets earn. Institutional-grade: de-risked, liquid, independently verified.

How it works for investors

0

Assets on platform

figure to be finalised

R0M+

Developer pipeline

indicative

0+

Developers in discussion

TRL 0

Technology readiness

IEA scale

Kusile Advisory — FSCA-licensed discretionary financial services provider · Independent DD verification · Governance separation between Platform and Fund

How the market works

From operating asset to traded position.

Follow a single asset through four stages — from submission to live order book.

01List

Submit an operational asset.

An asset enters the exchange with metered generation data, PPA terms, and technology specs. No upfront valuation required.

Kgalagadi Solar I

50 MW · Solar PV · Northern Cape

Metered generation33 GWh / yr
PPA tenor remaining12 yrs
Off-takerEskom (IPP)
Verification statusPending DD
02Value

The engine marks fair value.

A live valuation engine discounts PPA cashflows against the current SARB curve, returning a P25–P75 fair-value range updated in real time.

Kgalagadi Solar I

50 MW · Solar PV · Northern Cape

Fair-value rangeP25 · Med · P75
R380MR445MR510M
Marked to SARB curveLive · 07 Jul 2026
03Tokenize

Equity becomes tradeable units.

The asset's equity is fractionalised into tokens — each representing a proportional ownership stake. Tradeable in whole-asset or fractional lots.

Kgalagadi Solar I

50 MW · Solar PV · Northern Cape

1,000 tokens · R445 / token

3 sold·6 reserved·991 available
04Trade

Buyers and sellers match on price.

A transparent order book matches bids and offers. Settlement runs on institutional rails — no bilateral negotiation, no 25-year lock-in.

Kgalagadi Solar I

50 MW · Solar PV · Northern Cape

QtyPriceSide
2R450Ask
5R448Ask
3R446Ask
Spread R3
4R443Bid
2R441Bid
7R439Bid
The valuation engine

Every asset, independently assessed and priced.

The engine marks value to the live SARB curve and considers offtaker quality, PPA tenor, technology, operational performance and transaction comps — producing a directional P25–P75 range, refined to a final fair value through full independent assessment.

  • Live SARB repo rate & SA 10Y bond yield
  • Offtaker credit quality & PPA tenor
  • Operational performance & transaction comps
  • Final fair value set through full assessment

Indicative range — directional estimate only.

Indicative valuation
50 MW
12 yrs

Full engine · live SARB curve · ~60 seconds

Final fair value is determined through full assessment. Submit an asset for assessment.

The marketplace

A live market of operational assets.

Active listings, live pricing, and verified cashflow data — available to registered members of the exchange.

Operational assets available to verified members

Listings, indicative valuations, and live order books are visible after registration.

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Measurable impact

Capital that decarbonises.

0GWh / yr

Estimated clean generation from platform-listed capacity

0KtCO₂ / yr

CO₂ avoided vs South African grid baseline

0Khouseholds

Equivalent annual household electricity demand

Modelled from listed asset capacity — South African grid emission factor 0.95 tCO₂/MWh (DFFE GHG inventory). 25% capacity factor assumption. Not audited impact figures.

Wind turbines at dusk across an arid South African landscape
Join the exchange

Build the market that needs to exist.