Sustainable energy for agricultural production

Sustainable energy for agricultural production

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Sustainable energy for agricultural production
Sustainable energy for agricultural production
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SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Food and Beverage
Food and Agriculture
Business Model Description

Provide renewable energy systems that replace expensive grid electricity in the agricultural sector.

Expected Impact

Increase industrial and small-scale farmers' access to reliable and cost effective energy sources and improve food security.

How is this information gathered?
Updated: 17 Jul, 2021 Date of Production: 1 Sep, 2020
South Africa
Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
15% - 20% (in ROI)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Medium Term (5–10 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
USD 50 million - USD 100 million
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
USD 1 million - USD 10 million
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Zero Hunger (SDG 2) Responsible Consumption and Production (SDG 12)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
Decent Work and Economic Growth (SDG 8)

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Sector Sources
  • 1) South African Government (2019). South Africa Voluntary National Review: Empowering people and ensuring inclusiveness and equality. https://sustainabledevelopment.un.org/content/documents/23402RSA_Voluntary_National_Review_Report___The_Final_24_July_2019.pdf 2) Statistics South Africa (2019). Sustainable Development Goals: Country Report 2019 - South Africa. http://www.statssa.gov.za/MDG/SDGs_Country_Report_2019_South_Africa.pdf 3) Statistics South Africa (2019). Towards measuring the extent of food security in South Africa. http://www.statssa.gov.za/publications/03-00-14/03-00-142017.pdf 4) Business for South Africa (2020). Post COVID-19: A new inclusive economic future for South Africa – Delivering an accelerated economic recovery strategy. 5) Deloitte (2020). How COVID-19 has affected South African Grocery Retail Consumer Sentiment: Consumer insights pre- and during lockdown. https://www2.deloitte.com/content/dam/Deloitte/za/Documents/za_Deloitte_BrandsEye_Consumer-Sentiment-report_May%202020.pdf 6) Nakedi, L. (2020). Project Steering Committee Meeting. April 30 2020. 7) Kushke, I.(2020). Sustainable Agriculture Market Intelligence Report. https://www.greencape.co.za/assets/AGRICULTURE_MARKET_INTELLIGENCE_REPORT_WEB.pdf 8) International Labour Organization (2015). Farm Workers’ Living and Working Conditions in South Africa: key trends, emergent issues, and underlying and structural problems. https://www.ilo.org/wcmsp5/groups/public/---africa/documents/publication/wcms_385959.pdf 9) Solidaridad (2019). Linking women farmers to high-value markets in South Africa. https://www.solidaridadnetwork.org/solidaridad-stories/linking-women-farmers-to-high-value-markets 10) Institute for Race Relations (2016). From land to farming: bringing land reform down to earth. 11) World Wide Fund for Nature (2017). Supporting smallholder farmers to adopt sustainable land use and production practices factsheet. http://awsassets.wwf.org.za/downloads/WWF_Smallholders_Fact_Sheet_D6_FINAL_6Jun17.pdf 12) World Wide Fund for Nature (2015). Reconnecting South Africa’s food systems to its ecosystems. https://wwfafrica.awsassets.panda.org/downloads/wwf006_ffl_report_low_res.pdf?13821/farming-facts-and-futures
IOA Sources
  • 13) GreenCape (2020). Sustainable Agriculture Market Intelligence Report. https://www.greencape.co.za/assets/AGRICULTURE_MARKET_INTELLIGENCE_REPORT_WEB.pdf 14) GreenCape (2020). Green Finance databases. https://www.greencape.co.za/content/focusarea/green-finance-databases 15) GreenCape (2020). GreenCape Finance database. https://www.greencape.co.za/assets/Uploads/GreenCape-Finance-Database-v6.xlsx 16) GreenCape (2020). Government Funding and Incentive Booklet. https://www.greencape.co.za/assets/Uploads/Government-Funding-and-Incentive-Booklet.pdf 17) FinFind (2020). FinFind. http://www.finfindeasy.co.za/ 18) AlliedCrowds (2020). AlliedCrowds. https://alliedcrowds.com/ 19) Western Cape Government (2018). State of Environment Outlook Report for the Western Cape Province Land. https://www.westerncape.gov.za/eadp/files/atoms/files/03_Land.pdf 20) Food and Agriculture Organization of the United Nations (2018). Investing in Sustainable Energy Technologies in The Agri-food Sector. http://www.fao.org/3/i9077en/I9077EN.pdf 21) Flammini, A., Bracco, S., Sims, R., Cooke, J. and Elia, A. (2018). Costs and Benefits of Clean Energy Technologies in the Milk, Vegetable and Rice Value Chains. http://www.fao.org/3/i8017en/I8017EN.pdf 22) Western Cape Government (2018). Renewable Energy Case Study. https://www.greenagri.org.za/assets/documents-/SmartAgri/Case-Studies/RENEWABLE-ENERGY.pdf 23) Sims, R., Flammini, A., Puri, M. and Bracco, S. (2015). Opportunities For Agri-Food Chains To Become Energy-Smart. http://www.fao.org/3/a-i5125e.pdf 25) Masiwa, D. (2020). Affordable solar energy to propel large and small-scale farmers. Food for Mzansi. https://www.foodformzansi.co.za/affordable-solar-energy-to-propel-large-and-small-scale-farmers/ 26) Interview with Jack Radmore, GreenCape, 27 July 2020. 28) United Nations Development Programme (2020). South Africa Report 2020: Covid-19 Rapid Emergency Needs Assessment for the Most Vulnerable Groups. https://www.za.undp.org/content/south_africa/en/home/library/rapid-emergency-needs-assessment.html 29) United Nations Development Programme (2020). Human Development Report 2020. https://www.ng.undp.org/content/nigeria/en/home/library/human_development/the-2020-human-development-report.html