Hong kong-headquartered Neosun Energy began installing a 1 MW solar power station at Dayizenza Mall in Nelspruit, South Africa. Expected to be completed in November, the grid-tied system aims to reduce monthly electricity costs by over 50-60% and provide lifetime savings exceeding R164 million, supported by a 53% internal rate of return. The installation, which began in October, will use over 140 solar panels, contributing to significant CO2 reductions with an estimated 25,807 tons offset during its operational lifetime. Additionally, the project demonstrated strong financial viability, achieving a 53% IRR and a 12-month payback period, with cumulative savings estimated to exceed ZAR 164 million (~ $9.26 million).
Neosun’s 1 MW PV project powers Dayizenza mall in South Africa
Neosun Energy began installing a 1 MW solar PV system at Dayizenza Mall in South Africa, aiming to cut energy costs by up to 60%. (Image Source: Neosun Energy)
Three new solar projects from Recurrent Energy will supply 34,000 UK homes, cutting CO2 emissions by 31,000 tons annually. (Image Source: Recurrent Energy)
The ISO 14068 certification at DMEGC Solar’s Lianyungang base exemplifies sustainable practices in the photovoltaic sector. (Image Source: PRNewswire)
Aiming to support Malaysia’s 31% renewable goal by 2025, Masdar’s study could pave the way for large-scale floating solar in Southeast Asia. (Image Source: Masdar)
Avangrid’s Camino Solar project will generate power for approximately 14,000 US homes and is expected to create $15 million in local tax revenue. (Image Source: Avangrid)