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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.
Pan-African private equity firm Inspired Evolution has announced the second closing of its Evolution III fund, raising capital to support clean energy projects across the continent.
The ECOWAS Bank for Investment and Development (EBID) has approved new funding worth €230 million and $10 million to support infrastructure projects and private sector development across West Africa.
Days after getting a $30 million commitment from the European Investment Bank, Seedstars Africa Ventures has received another $10.5 million investment from the African Development Bank (AfDB).