Ascension Properties installs solar plant
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” Print Send to Friend 1 0 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 Cerna
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.