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).
The dual-use project integrates agriculture under solar panels and floating aquaculture with energy storage. (Image Source: PRNewswire)
The Horsham project combines solar and battery storage, supporting grid stability and peak demand management. (Image Credit/Source: Atimedia/Pixabay)
The 20 MW solar project actively supports Eramet’s SBTi roadmap and climate goals. (Image Source: SolarPanal/Pixabay)
Sherco Solar is the Upper Midwest’s largest solar project, set to power 150,000 homes when fully operational. (Image Source: Xcel Energy)