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REIT SA Corp Solar Malls, South Africa


Project development document

Project impacts and benefits:

  • This project reduces South Africa’s dependence on fossil fuels for power generation, providing clean electricity to a nation in need of power.
  • Provides real estate energy resilience and Net Zero by 2050 trajectory, by covering 70% of Scope 1 and 2 emissions from installed capacity.
  • Reduces air pollution by replacing coal and other fossil fuel fired power plants with clean, renewable power SDG7.
  • Raises awareness and provides capacity for climate change mitigation, adaptation and impact reduction.
  • Prosumers seeking portfolio reduction of up to 40 750 tCO2e annually.
  • Sustainable impact methodology includes grid-tied microgrids per UNFCCC CDM 13th edition AMS-I.D methodology.
  • Project of Activities includes multiple Solar PV plants on 17 Retail malls and 1 Industrial facility each below 15MW directly supporting green economic activity across inner city and suburbs.
  • Year of offset credit or Vintage: 2020, 2021
  • To buy on the Metaverse, or with Crypto, please register on our community and we will share which specific token to purchase for this project.
  • Promotes REIT as a sector committed to minimising greenhouse gas emission through grid decarbonisation and energy efficiency improvements in real estate
  • Project sREC priced per Ton of CO2.

40750 in stock

SKU: SA-EEKH-01350-3 Categories: , Tags: , , , ,

Located across 17 Retail malls and 1 Industrial facility in South Africa, the SA Corporate project consists of 17 photovoltaic solar projects in the RSA region with a total installed capacity of over 10 MW. The project produces renewable solar energy across shopping malls where there is trade activity contributing to local GDP.

The project is the Johannesburg Stock Exchange listed Real Estate Investment Trust’s (“REIT”) first implementation since the Climate Change bill of 2022. There are plans to increase the renewable energy generating capacity of the portfolio further. The energy produced will alleviate the current power constraints on the national grid. The project is 2015 Paris Agreement and UN SDG aligned.