New installation embraces renewable energy in retail and advances sustainable shopping.
Johannesburg, SOUTH AFRICA, 13 June 2023 – Signet Terrace Shopping Centre today announced the commissioning and inauguration of its cutting-edge solar power plant, marking a significant step towards sustainable energy consumption and reducing carbon emissions. This remarkable project is the result of a collaborative effort between Signet Terrace Shopping Centre, Solarise Africa, Nuvo Energy Africa, and One Stop Solar, each playing a vital role in the successful implementation of this ground-breaking initiative.
The Signet Terrace Shopping Centre solar power plant boasts a total capacity of 975.7 kWp solar PV, solidifying its position as a trailblazer in renewable energy solutions within the retail industry. By embracing this clean energy source, the shopping centre is projected to achieve an impressive 66% reduction in kWh consumption over the plant’s lifetime, significantly contributing to a greener future. In the first month alone, the solar power plant is expected to achieve a remarkable 30% reduction in kWh usage, setting a remarkable precedent for other shopping centres to follow suit.
Kavi Naidoo, Spokesperson for Signet Terrace Shopping Centre, expressed excitement about the project, stating, “We are thrilled to unveil the Signet Terrace Shopping Centre solar power plant, a testament to our commitment to sustainability and responsible business practices. This installation allows us to generate a substantial portion of our electricity needs through renewable energy sources, significantly reducing our carbon footprint while ensuring long-term cost savings.”
As part of the focus on green energy, the solar installation also includes a 22kW Enelion Vertica EV Charger that powers two EV charging bays. “We are delighted to introduce EV charging bays powered by our solar installation,” continued Naidoo. “This addition demonstrates our commitment to sustainable transportation options and provides a convenient solution for electric vehicle owners visiting our shopping centre.”
Sakkie van Wijk, Co-Founder and Chief Operating Officer of Solarise Africa, emphasised the significance of this project from a financing perspective, saying, “This project showcases the feasibility and financial viability of renewable energy solutions for commercial properties. By replacing 29% of the shopping centre’s electricity consumption, the Signet Terrace solar power plant will contribute to the reduction of approximately 32,720 tons of CO2 emissions over the contract period. This achievement is not only a significant step towards combating climate change but also a testament to the positive effects of renewable energy adoption.”
Jan-Hendrik Kruger, Managing Director of Nuvo Energy Africa, spoke about the construction process, saying, “We are proud to have been part of the construction and implementation of the Signet Terrace Shopping Centre solar power plant. This project involved meticulous planning, state-of-the-art technology, and a strong focus on environmental sustainability. We believe this solar power plant will serve as a shining example to other developers looking to integrate renewable energy solutions into their projects.”
Ed Young, CEO of One Stop Solar, applauded the partnership. “The successful collaboration between Signet Terrace Shopping Centre, Solarise Africa, Nuvo Energy Africa, and One Stop Solar has enabled the development of a ground-breaking solar power plant. This project sets compelling example for other businesses seeking to embrace clean energy.”
The Signet Terrace Shopping Centre solar power plant is expected to generate 136 MWh of clean energy annually, bringing a new era of sustainable power to the retail industry. With an estimated R53 million in savings over the contract period, the solar power plant demonstrates the potential for cost-effective energy solutions that benefit both the environment and the bottom line.
This landmark project serves as a powerful reminder of the importance of collaborative efforts in driving sustainable development. Signet Terrace Shopping Centre is proud to be at the forefront of the renewable energy movement, leading the way for other businesses to follow suit and embrace clean, green energy solutions.
About Signet Terrace Shopping Centre
Signet Terrace Shopping Centre is a premier retail destination committed to providing an exceptional shopping experience to its customers. With a focus on sustainability, community engagement, and innovative solutions, Signet Terrace Shopping Centre strives to set new standards in the retail industry.
About Solarise Africa
Solarise Africa is a pan-African Energy-as-a-Service company. They provide reliable and affordable decentralised energy solutions energy for businesses in Africa. Their smart financing solutions unlock possibilities and empower their partners to thrive and actively drive Africa’s progress. For more information, please visit www.solariseafrica.com
About Nuvo Energy Africa
Nuvo Energy Africa specializes in the design, development, and construction of renewable energy solutions. With a strong emphasis on environmental sustainability and cutting-edge technology, Nuvo Energy Africa is dedicated to delivering innovative energy solutions.
About One Stop Solar
One Stop Solar is a trusted developer and provider of solar power solutions. With a focus on sustainability and customer satisfaction, One Stop Solar delivers high-quality renewable energy solutions to commercial and industrial clients.
