SE listed REIT SA Corporate Real Estate Limited will invest more than R30 million to install state-of-the-art rooftop solar PV plants to help curb ever climbing electricity tariffs at its malls and reduce their carbon footprint.
Retail Asset Manager, Carmen Collison, said that the ongoing multimillion-rand investment in solar by SA Corporate Real Estate Limited, one of the oldest and most established property companies in the South African property market, put it on a par with some of the most advanced malls around the globe.
ADVERTISEMENT
It also showed that, although large regional malls with their large underutilized roof tops were probably best suited to large scale solar power generation, the installation of PV panels at smaller centres also delivered substantial returns.
She said that SA Corporate Real Estate Limited had invested R26.2-million in solar to date with 2 MWh installed. The future capex spend would be approximately R33.5-million which would see an additional 1MWh installed.
Read more.....
Retail Asset Manager, Carmen Collison, said that the ongoing multimillion-rand investment in solar by SA Corporate Real Estate Limited, one of the oldest and most established property companies in the South African property market, put it on a par with some of the most advanced malls around the globe.
ADVERTISEMENT
It also showed that, although large regional malls with their large underutilized roof tops were probably best suited to large scale solar power generation, the installation of PV panels at smaller centres also delivered substantial returns.
She said that SA Corporate Real Estate Limited had invested R26.2-million in solar to date with 2 MWh installed. The future capex spend would be approximately R33.5-million which would see an additional 1MWh installed.
Read more.....
RSS Feed
