The ambitious undertaking involves the installation of over 13,000 solar panels across an area of approximately 28,100 square meters.
This massive solar array will generate a total of 6 megawatts of electricity, significantly reducing the shopping centre’s reliance on the grid.
The decision to invest in solar power comes in response to the ongoing load-shedding challenges faced by South Africa.
Eastgate’s parent company, Liberty Two Degrees, has committed to a sustainable future and aims to achieve net-zero carbon emissions.
“This is a monumental achievement for Eastgate and a testament to our dedication to environmental responsibility,” said Melinda Isaacs, L2D’s Developments executive.
“By reducing our carbon footprint and ensuring uninterrupted operations during load shedding, we are creating a more sustainable and resilient future for our customers, tenants, and the community.”
The completed solar installation is expected to generate substantial energy savings and contribute to a cleaner environment.
Eastgate Shopping Centre remains committed to providing a seamless shopping experience for its customers, even during challenging times.
The International Finance Corporation (IFC), the private investment arm of the World Bank, has announced a $100 million investment in Raxio Group to support the development of data centres across Africa.
The Emerging Africa & Asia Infrastructure Fund (EAAIF), under the management of Ninety One, has committed $45 million in funding to CrossBoundary Energy.
Pivo Africa is a Nigerian fintech startup that provides innovative financial solutions to individuals and businesses across Africa.
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