Property sector taking advantage of the benefits of Solar PV
With increasing electricity concerns, efficiency is essential for South African businesses to remain profitable
More and more property owners see the obvious benefits of installing solar PV, such as the South African Corporate Real Estate that plans to invest around than R30-million in rooftop solar in the near future.
The profile of energy use by malls is very similar to the daily production profile of solar PV, making the argument for solar PV installation more attractive for this sector, as can be seen in the more than 100 solar plants currently installed at malls across the country.
A growing number of shopping mall owners in South Africa are either investing, or considering, solar PV energy as part of their future development. A major advantage is that, by installing solar PV, property owners can protect their future income by containing costs related to utility power supply and this is promoted as an added benefit to current and future tenants.
Next to the United States, South Africa has the highest density of shopping malls in the world, and so the opportunity for solar PV in this sector is huge.