Redefine Properties’ Black River Park in Cape Town has cemented its position as Africa’s largest integrated photovoltaic (PV) plant when it turned on phase 3 of its PV installation earlier this month.

The deal, which is subject to shareholder approval, provides equity funding for the Lekela Power platform, a joint venture with the global pan-emerging market private equity firm Actis.

Green building is gaining rapid momentum in Africa with office buildings in Rwanda and Namibia both receiving 6-Star Green Star ratings, certified by the Green Building Council of South Africa (GBCSA).

With seven solar farms successfully generating renewable energy at its buildings across South Africa, Growthpoint Properties is now embarking on its largest rooftop solar installations yet.

The renewable energy sector is doing well at the East London Industrial Development Zone (ELIDZ), said the Department of Trade and Industry.

The National Energy Regulator of South Africa (Nersa) has granted Eskom a 9.4% tariff increase for the 2016/17 financial year.

In line with Africrest Properties strategy the company continues to acquire commercial properties with good fundamentals that require care and attention.

Wednesday, 10 February 2016 16:04

Saldanha Bay IDZ to create 40 000 jobs

In a presentation to the Standing Committee on Economic Opportunities, Tourism and Agriculture in the Western Cape Provincial Parliament, it was revealed that 40 000 jobs stand to be created in South Africa, thanks to the development of the Saldanha Bay Industrial Development Zone.

Hyprop Investment Limited’s Gauteng-based regional shopping centre, Clearwater Mall, has tripled the generation output of its solar photovoltaic PV plant and now boasts Africa’s largest rooftop Solar PV system.

Cape Town trade and investment head Lance Greyling says that the metro has made submissions to the Independent Power Producers office, expressing its desire to purchase 300MW of gas-fired power.

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