• Bright outlook

    Bright outlook

    A group of shopping malls in South Africa is set to be given a ZAR125 million solar facelift.

    Redefine Group, a real estate investment trust, plans to implement the projects at seven malls that form part of its countrywide portfolio, while an additional ZAR20 million will be spent on solar builds at its office and industrial developments.

    As reported by BusinessTech, Redefine’s current solar generation makes up 17.8% of its energy consumption, up from just under 6% a year ago, with an installed solar capacity of 29.9 MWp.

    Overall, the company plans to invest a total of ZAR194 million in solar PV, smart metering, water-efficient ablutions and energy efficiency across its portfolio.

    15 November 2022
    Image: Unsplash