
Subscribe & Follow
Spear moves closer to energy independence with Phase 2 solar expansion

The company has already installed solar PV at 16 of its 30 assets, currently generating in excess of 5.2MW for its portfolio, with further scaling this year to 7.2MW.
Given the ongoing electricity crisis in South Africa, says Quintin Rossi, CEO of Spear Reit, we needed to keep the lights on, reduce our reliance on Eskom along with reducing our dependence on a fossil-fuel-generated electrical supply.
Reduced reliance on Eskom
Currently, only two of Spear's 30 assets are supplied by Eskom - the balance of its portfolio is provided for by the City of Cape Town.
According to Rossi, the group has also entered into agreements with the city "to curtail supply to our large industrial assets which have reduced their output – this means they will not experience load shedding at all, or indeed much less of it”.
Related
With load shedding under control, Ramokgopa tackles affordability 30 Jul 2024 18 months into EAP, strides made in curbing electricity crisis but challenges remain 1 Apr 2024 Grid storage plans key in addressing energy crisis, finds IISD report 5 Jul 2023 SA nearing end of daily power cuts, says Ramokgopa 3 Jul 2023 Ramokgopa says hospitals need micro-grid islands as answer to load shedding 31 May 2023 Eskom refutes claims of imminent blackout 17 May 2023
