V&A Waterfront signs deal to raise green-electricity contribution to 70% by 2026

Cape Town’s V&A Waterfront has signed a ten-year power purchase agreement (PPA) with Etana Energy for 43 GWh of renewable energy yearly, which will result in wind and solar supplying 70% of the iconic mixed-use property’s electricity by early 2026. The PPA follows a similar deal between Etana Energy and Growthpoint Properties for 195 GWh of renewable energy annually, representing 32% of the property group’s total yearly consumption. Growthpoint Properties is the joint owner of the V&A Waterfront with the Public Investment Corporation.