Novare Advances RE Projects in Africa with Rooftop Solar Investment
The project indulges the delivery and installation of 777.84 kW PV panels and eight solar inverters, producing 1,159,042 kWh of sustainable energy per annum.
August 08, 2023. By EI News Network
The solar project’s first stage concentrates on Matola Mall, Novare’s retail properties located in Mozambique, in alliance with Enteria Moçambique, a renewable energy company.
The project indulges the delivery and installation of 777.84 kW PV panels and eight solar inverters, producing 1,159,042 kWh of sustainable energy per annum.
This clean energy solution is projected to save 5.48 million Mozambican meticals annually in energy costs and help offset negative emissions from backup diesel generators on-site. In one month of commissioning, the system has already yielded in 13.5 tons of carbon dioxide savings.
Novare stresses that this step aligns with its wider sustainability strategy for the property portfolio, which targets to attain Edge certification for all its properties.
With a license secured to upgrade the system to a total capacity of 2,500 kW, Novare is pledged to expand this green initiative to other African countries.
Lerato Kumalo, Novare’s Chief Environmental, Social, and Governance and Impact Officer, underlines the firm’s dedication to sustainable development and offsetting its carbon footprint. The solar investment in Mozambique caters as an ideal for the African property industry, demonstrating how eco-friendly steps can foster competitiveness and contribute to a greener and more sustainable future for Africa.
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