Emira boosts energy savings with new R16m solar farm

Randridge Mall (Supplied)
Randridge Mall (Supplied)

Cape Town - Emira Property Fund has installed a R16m solar farm on the roof of its Randridge Mall in Randpark Ridge, Johannesburg.

This project continues Emira’s drive to add more renewable energy solutions to its portfolio of properties across South Africa as part of its sustainability strategy.

The photovoltaic (PV) solar farm, comprising 10 900 panels, produces approximately 1.2MWh of electricity. This is Emira’s second solar installation. It follows its successful solar power pilot project launched in 2015 at its Epson Downs Shopping Centre in Bryanston, which produces around 271kWp and saves over 515 000kWh each year.

The new solar installation at the Randridge Mall is set to save 2GWh of electricity every year. It is estimated that over 15 years, the use of this solar power will save Emira over R40m on its electricity costs at the mall.

Emira once again partnered with Bright Black Solar to supply and install the solar power system at Randridge Mall.

As a carbon disclosure company, Emira measures and monitors its carbon footprint. It recently achieved a 73% saving in its municipal water use at its One Highveld warehouse property in Centurion with its pilot rainwater harvesting project.

Justin Bowen, development manager at Emira, believes there is potential to use more renewable solar energy at other properties in the portfolio.

“We are assessing further opportunities for using on-site renewable energy generation and reducing electricity consumption at other properties, in the near future," he said.

SUBSCRIBE FOR FREE UPDATE: Get Fin24's top morning business news and opinions in your inbox.

Read Fin24's top stories trending on Twitter:

ZAR/USD
16.58
(+0.84)
ZAR/GBP
21.49
(+0.50)
ZAR/EUR
19.51
(+0.48)
ZAR/AUD
11.95
(+0.26)
ZAR/JPY
0.16
(+0.83)
Gold
1899.15
(+0.61)
Silver
23.70
(+1.57)
Platinum
901.00
(+1.25)
Brent Crude
42.12
(+1.78)
Palladium
2313.00
(+0.91)
All Share
54634.27
(+0.68)
Top 40
50343.27
(+0.60)
Financial 15
10269.16
(+1.96)
Industrial 25
73668.44
(+0.66)
Resource 10
53473.41
(+0.17)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Do you think it was a good idea for the government to approach the IMF for a $4.3 billion loan to fight Covid-19?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes. We need the money.
11% - 1400 votes
It depends on how the funds are used.
73% - 9069 votes
No. We should have gotten the loan elsewhere.
16% - 1995 votes
Vote