South Africa: Redefine Properties, NOA Sign Green Energy Supply Agreement

Property management company Redefine Properties has signed an agreement with independent power producer (IPP) NOA Group to supply 37 GWh of clean energy per year over a 20-year period across 11 of Redefine Properties’ assets.

Renewable energy will be sourced from NOA Group’s generation facilities – including the 350 MW Khauta Solar PV project in Free State province, South Africa – as well as from third-party IPPs.

“Futureproofing out assets is central to Redefine’s strategy, and this agreement plays a key role in that,” stated Scott Thorburn, National Asset Manager, Redefine Properties, adding, “We’re not only reducing emissions and controlling costs but also building resilience across our portfolio.”

As part of a second phase of engagement, Redefine Properties and NOA Group are also set to implement a municipal wheeling solution to further support the property management company’s decarbonization efforts.

“The property sector is a key growth area for NOA, offering solutions that can achieve over 80% renewable energy penetration through a planned supply framework,” said Karel Cornelissen, CEO, NOA Group

The agreement is expected to reduce Redefine Properties’ CO² emissions by over 39,000 tons annually.