South African actual property belief Growthpoint Properties has signed an offtake cope with native electrical energy dealer Etana Power for 195 GWh of renewable vitality. The contracted energy will likely be sourced from wind, with a smaller part of hydro and large-scale photo voltaic capability.
Growthpoint Properties has signed an influence buy settlement (PPA) with South Africa inexperienced vitality provider Etana Power for 195 GWh of annual renewables capability. The full represents 32% of Growthpoint’s whole present annual electrical energy consumption and will likely be used throughout its industrial property buildings in a number of jurisdictions throughout the nation.
The deal is billed as South Africa’s first multi-jurisdiction, multi-building, multi-source renewable vitality wheeling association, and can allow Growthpoint’s tenants to entry inexperienced vitality. The period and monetary phrases of the PPA weren’t disclosed.
Etana will cowl 70% of the facility consumed by Growthpoint’s collaborating buildings, and in some buildings, present tenants with the flexibility to buy 100% renewable vitality. The wheeled renewable vitality will primarily include wind, with a smaller part of hydro and large-scale photo voltaic capacities.
Growthpoint may have unique rights to buy all the roughly 30 GWh that will likely be generated yearly by a 5 MW hydroelectric energy plant developed, owned and operated by Serengeti Power.
The plant is positioned on the Ash River throughout the Lesotho Highlands Water Scheme, near Clarens in South Africa’s Free State. The hydroelectric energy plant has reached monetary shut and is presently below building. It’s anticipated to be operational by July 2025, when it should provide its first electrical energy to Growthpoint.
“Enterprise has a transparent function to play in fixing our largest challenges, and it is a extremely replicable, scalable instance of the best way to obtain this whereas creating worth for all concerned,” stated Reyburn Hendricks, director of Etana Power.
Hybrid tasks in South Africa are gaining floor. In August 2023, the federal government introduced it had awarded undertaking agreements to 2 wind-and-solar-storage hybrid services as a part of its Danger Mitigation Unbiased Energy Producers Procurement Programme (RMIPPPP). The services are estimated to generate 203 MW of mixed vitality.
South Africa recorded 5.8 GW of put in photo voltaic capability on the finish of 2022, in accordance with the Worldwide Renewable Power Company (IRENA).
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