R1.2 million worth of electricity supply

PV solar rolling out to other buildings in Spire’s portfolio. In addition to the installation at 382 Jan Smuts, other buildings within Spire’s portfolio have also received solar installations. Amongst these are the Cape Quarter and the DeVille Shopping Centre in the Western Cape, as well as at 6 – 8 Sturdee Avenue in Johannesburg. These various installations are expected to supply approximately R1.2 million worth of electricity in the first year of operation.

“The value of this power will increase in direct proportion to electricity price increases,” says Simon Stubbings, property manager for 382 Jan Smuts. “This power is resold on to the tenants and so will no longer need to be purchased from Eskom.”