JSE-listed real estate investment trust Growthpoint Properties has entered into a power purchase agreement (PPA) with electricity trader Etana Energy for 195 GWh/y of renewable energy, which represents 32% of its total current yearly electricity consumption, which was 612 GWh in its 2023 financial year. The company signed the PPA in November 2023 to wheel electricity to its commercial property buildings in several jurisdictions across the country. Further, the generation profile will be relatively flat over a 24-hour period owing to it consisting mainly of wind power and a smaller hydropower generation component.
