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.
MoneyHash, a leading Egyptian fintech company, has secured $4.5 million in seed funding to bolster its payment technology and expand its reach across the Middle East and Africa (MEA) region.
The African Development Bank (AfDB) has approved a $100 million loan to support youth and women-led micro, small, and medium enterprises (MSMEs) in Nigeria through the Youth Entrepreneurship Investment Bank (YEIB) initiative.
South African tech education provider HyperionDev announced securing R95 million (approximately $5 million) in a new funding round. This latest investment brings the company’s total growth capital to R595 million ($31.1 million).
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