Hyprop completes R45m solar project at The Glen
Real estate investment trust Hyprop Investments has completed and commissioned the R45-million Phase 2 of its solar PV project at the Glen Shopping Centre, which the company co-owns and manages.
Phase 2 boosts the centre’s total installed solar capacity to 4 304 kW.
The system is expected to generate over 5 GWh/y of clean electricity, supplying over 40% of the centre’s energy needs and saving more than R12-million a year in energy costs.
The solar PV panels have been installed on expansive carport structures that provide both shade for shoppers and renewable energy for the centre.
In response to rising energy prices, Hyprop says it has intensified its focus on management and sustainable sourcing of energy.
The group has established a dedicated internal division and partners with external experts to optimise operational efficiencies and reduce energy consumption.
The Glen’s solar project is a key part of Hyprop’s broader strategy to reduce its environmental impact and operational costs, with South Africa’s portfolio now boasting solar capacity of 21 975 kW and meeting up to 17% of the portfolio’s energy requirements.
“We are committed to delivering sustainable value across our portfolios, and our investments in solar and energy management at The Glen highlight our proactive approach to operational excellence and responsible environmental management,” says Hyprop projects and sustainability head Steven Riley.
“By embracing advanced technology, efficient processes, and a focus on sustainability, we are helping shape a resilient future for the South African retail landscape without compromising the future,” he adds.
Hyprop has four other solar PV projects under way in its South Africa portfolio, and two under way at its Croatian retail centres.
Various feasibility studies are also currently being undertaken for battery energy storage systems in the South African portfolio.
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