Growthpoint Properties, one of Africa’s leading real estate investment trusts (REITs), has announced the signing of an offtake deal with Etana Energy, a leading provider of renewable energy solutions. This agreement marks a significant milestone in Growthpoint Properties’ commitment to environmental sustainability and the reduction of carbon emissions.
The offtake agreement between Growthpoint Properties and Etana Energy involves the purchase of renewable energy generated by Etana Energy’s portfolio of solar and wind power plants. The partnership will provide Growthpoint Properties with clean and sustainable energy to meet its growing energy demands.
By sourcing renewable energy from Etana Energy, Growthpoint Properties is making a significant step towards reducing its carbon footprint. This agreement aligns with the company’s objective of becoming a more sustainable and environmentally responsible real estate player. By adopting renewable energy sources, Growthpoint Properties is not only contributing to a more sustainable future but also demonstrating its commitment to environmental stewardship.
Growthpoint Properties has long been recognized for its dedication to sustainability and environmental responsibility. The company has implemented various initiatives to reduce its environmental impact, including energy-efficient technologies, water conservation measures, and waste recycling programs. This latest partnership with Etana Energy further reinforces Growthpoint Properties’ commitment to sustainability.
In addition to reducing carbon emissions, the offtake agreement with Etana Energy also enhances Growthpoint Properties’ energy security. By diversifying its energy mix, the company can ensure a reliable and uninterrupted power supply for its properties and tenants. This is particularly important in regions with fluctuating electricity prices or unstable power grids.
The offtake deal with Etana Energy marks another significant milestone in Growthpoint Properties’ journey towards environmental sustainability. By sourcing renewable energy from Etana Energy, Growthpoint Properties is not only reducing its carbon footprint but also demonstrating its commitment to creating a sustainable and environmentally responsible real estate portfolio. This partnership serves as a testament to the company’s commitment to making a difference in the real estate industry and contributing to a cleaner and greener future.