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.
African electric vehicle (EV) leader Spiro announced a significant boost to its expansion plans with a $50 million debt financing agreement signed with Afreximbank, the pan-African multilateral financial institution.
Africa Data Centres, a leading provider of data center services in Africa, has secured $108.9 million in funding to expand its capacity in South Africa.
French development finance institution Proparco and South African investment manager 27four have announced a joint investment of R550 million (USD 28.7 million) in Divercity Urban Property Group.
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