Ascension Properties, together with Voltas Technologies and Tritec SA, has installed a 140 kWp solar plant on its Island Centre complex in Paarden Eiland, Cape Town.
Ascension Properties, a JSE listed property income fund, has gone green with its first solar PV installation commissioned early in January 2016, in Cape Town, underpinning a move in the property sector to show eco-awareness and reap the financial rewards of green energy over the long term.
CEO of Ascension, Mr. Kameel Keshav said: “With Ascension’s strong focus on government tenants, we felt it necessary to not only show our commitment to sustainable energy solutions, which eases the strain on the national energy grid, but also towards solutions which will bring in healthy returns on investment – for us as well as for our tenants. Rooftop PV solar plants have become a sound investment for many commercial and industrial buildings”
Solar photovoltaic is simultaneously a very reliable, cost-effective and clean technology, said Cristian Cernat, Director of Tritec South Africa and Voltas Technologies. “We designed this project from an owner’s perspective; optimising the yield and the financial returns of the project over its 20 to 30 years lifetime,” said Cernat.
The PV system results in a minimum annual avoidance of 230 tonnes of CO2 emissions. The solar plant comprises of 450 modules totalling 140 kWp, with the rooftop mounted system providing around 235 MWh in the first year, representing around 28% of the electrical consumption of the building. The Cape Town embedded generation scheme was implemented which enables the solar PV system to feed any surplus energy generated back into the municipal electrical grid.
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Tritec South Africa
www.tritec-energy.co.za
Tritec South Africa is a turnkey solar PV solution provider drawing expertise from local and international shareholders having done more than 15 000 solar PV installations in the world, especially commercial and industrial rooftop solar.
VOLTAS Technologies
http://www.tritec-energy.co.zawww.voltastechnologies.co.za
VOLTAS Technologies provides high-performance renewable energies solutions, with a focus on commercial HVAC, hot water systems and industrial thermal process applications. VOLTAS Technologies, together with their research focussed international partners, are constantly monitoring new innovations and offering products that are at the forefront of technological development which leads to substantial environmental and financial benefits.
Ascension Properties
www.ascensionproperties.co.za
Ascension Properties Limited, founded in 2006, is a black managed and substantially black owned property loan stock company which listed on the JSE in June 2012. The company is a property income fund focusing on centrally located commercial office buildings in South Africa with a strong focus towards government and other empowerment sensitive tenants. The fund converted to a Real Estate Investment Trust (REIT) in line with the new REIT legislation in June 2013.