SA’s biggest landlord ditches national utility

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Growthpoint, South Africa’s largest real estate firm, has acquired a 30% stake in the 5 MW Boston hydro plant to supply clean power to its tenants, away from utility Eskom. The company aims to source 40% of its electricity from renewables and has already invested over $58 million in solar, owning 80 rooftop systems with a combined capacity of 61.2 MW.

• The announcement comes two months after Growthpoint launched a blockchain platform enabling small businesses in South Africa to earn and trade Renewable Energy Certificates.

• Africa’s power markets are evolving rapidly, with policymakers trying to keep up with where business leads. Virtual wheeling is a key innovation expected to support the transition.

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