Real estate developers bet on solar power

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Terrian Town Limited, a Kenyan real estate developer, has signed a $1.2 million deal to install solar power systems across 80 villas. Each home will have 10 kW of solar panels and 20 kWh of battery storage, covering up to 80% of household energy needs. The deal is one of Kenya’s largest private-sector investments in residential solar.

• It comes barely a few months after Kenya announced a policy under development that will mandate all new buildings to set aside zones for the installation of solar systems.

• Real estate developers across the continent are capitalising on policy shifts to move off-grid. Growthpoint, South Africa’s largest property firm, has so far installed 80 rooftop systems with a combined capacity of 61 MW.

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