Growthpoint Properties recently inked a landmark Power Purchase Agreement (PPA) with Etana Energy, marking South Africa’s first multi-jurisdiction renewable energy wheeling arrangement. This transformative deal ensures that 32% of Growthpoint’s total electricity consumption, equivalent to 195 GWh annually, will be derived from renewable sources. Tenants will benefit from reduced carbon footprints as Etana covers 70% of the power for Growthpoint’s buildings. Exclusive rights to purchase 30 GWh from Serengeti Energy’s hydroelectric power plant further solidify Growthpoint’s commitment to sustainability.
Growthpoint Properties expands green energy portfolio with Etana deal
The Etana deal positions Growthpoint for future expansion, capitalizing on the hydro plant’s potential for continuous power supply and synergies with national grid contributions from wind and solar projects. (Image Credit: Growthpoint Properties).
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